Nordwand Advisors LLC Has $8.86 Million Position in Microsoft Co. (NASDAQ:MSFT)

Nordwand Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.7% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 20,588 shares of the software giant’s stock after selling 794 shares during the quarter. Microsoft comprises about 2.4% of Nordwand Advisors LLC’s portfolio, making the stock its 4th largest holding. Nordwand Advisors LLC’s holdings in Microsoft were worth $8,859,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc increased its stake in 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 acquiring an additional 44 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC bought a new position in shares of Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC raised its holdings in shares of Microsoft by 10.1% during the 3rd 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 stake in shares of Microsoft during the 2nd quarter worth $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $418.95 on Monday. The company has a market capitalization of $3.11 trillion, a P/E ratio of 34.57, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company’s 50-day moving average is $428.83 and its 200 day moving average is $427.23. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a fifty-two week low of $380.38 and a fifty-two week high of $468.35.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft declared that its Board of Directors has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Monday, January 6th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $511.62.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 in the last quarter. 0.03% of the stock is owned by company insiders.

Microsoft Company 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.