TFB Advisors LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

TFB Advisors LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 15,180 shares of the software giant’s stock after buying an additional 81 shares during the period. Microsoft comprises about 1.9% of TFB Advisors LLC’s holdings, making the stock its 8th biggest position. TFB Advisors LLC’s holdings in Microsoft were worth $6,532,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the period. Quarry LP bought a new position in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft during the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft in the second quarter worth approximately $200,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on MSFT. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. The Goldman Sachs Group decreased their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research note on Monday, September 23rd. Finally, BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $511.62.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.5 %

NASDAQ MSFT opened at $424.56 on Friday. The firm has a market capitalization of $3.16 trillion, a PE ratio of 35.03, a P/E/G ratio of 2.37 and a beta of 0.90. The stock’s 50 day moving average is $428.65 and its 200 day moving average is $427.59. Microsoft Co. has a twelve month low of $371.19 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. Research analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Microsoft announced that its Board of Directors has approved a stock repurchase plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

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.