Microsoft Co. (NASDAQ:MSFT) is Mattern Capital Management LLC’s 2nd Largest Position

Mattern Capital Management LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 38,595 shares of the software giant’s stock after buying an additional 54 shares during the quarter. Microsoft accounts for approximately 2.1% of Mattern Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Mattern Capital Management LLC’s holdings in Microsoft were worth $16,607,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Rebalance LLC increased its holdings in shares of Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls grew its stake in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares during the period. Flagship Private Wealth LLC raised its holdings in Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after buying an additional 25 shares during the period. Massachusetts Wealth Management lifted its position in Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after acquiring an additional 25 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators grew its stake in shares of Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.3 %

Shares of MSFT stock opened at $435.25 on Tuesday. The firm has a market capitalization of $3.24 trillion, a P/E ratio of 35.91, a PEG ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 1 year low of $366.50 and a 1 year high of $468.35. The firm’s fifty day moving average price is $427.02 and its two-hundred day moving average price is $428.51.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the firm earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft announced that its board has approved a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio is 27.39%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Finally, Loop Capital lifted their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $509.90.

Microsoft Profile

Microsoft Corporation develops and supports software, services, devices and solutions worldwide. The Productivity and Business Processes segment offers office, exchange, SharePoint, Microsoft Teams, office 365 Security and Compliance, Microsoft viva, and Microsoft 365 copilot; and office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.