Invst LLC Purchases 1,089 Shares of Microsoft Co. (NASDAQ:MSFT)

Invst LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,147 shares of the software giant’s stock after buying an additional 1,089 shares during the quarter. Invst LLC’s holdings in Microsoft were worth $4,467,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. GUNN & Co INVESTMENT MANAGEMENT INC. bought a new stake in shares of Microsoft during the third quarter valued at approximately $6,686,000. Oak Grove Capital LLC grew its stake in shares of Microsoft by 6.3% during the third quarter. Oak Grove Capital LLC now owns 19,477 shares of the software giant’s stock valued at $6,150,000 after purchasing an additional 1,149 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC bought a new stake in shares of Microsoft during the third quarter valued at approximately $17,362,000. Rooted Wealth Advisors Inc. grew its stake in shares of Microsoft by 16.4% during the third quarter. Rooted Wealth Advisors Inc. now owns 5,201 shares of the software giant’s stock valued at $1,642,000 after purchasing an additional 731 shares during the last quarter. Finally, Carlson Capital Management grew its stake in shares of Microsoft by 2.2% during the third quarter. Carlson Capital Management now owns 35,640 shares of the software giant’s stock valued at $11,253,000 after purchasing an additional 759 shares during the last quarter. 69.20% of the stock is owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $425.22 on Friday. The firm has a 50 day moving average of $403.04 and a 200-day moving average of $367.86. The stock has a market capitalization of $3.16 trillion, a PE ratio of 38.45, a PEG ratio of 2.15 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12 month low of $259.21 and a 12 month high of $427.82.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same period in the previous year, the company earned $2.32 EPS. On average, equities research analysts predict that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is 27.12%.

Insider Buying and Selling

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 in the last three months. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently commented on MSFT shares. Piper Sandler reissued an “overweight” rating and set a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Wedbush restated an “outperform” rating and issued a $450.00 price objective on shares of Microsoft in a report on Monday, January 29th. Barclays increased their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a report on Thursday, January 18th. Finally, China Renaissance started coverage on shares of Microsoft in a report on Tuesday, December 5th. They issued a “buy” rating and a $466.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $415.00.

Check Out Our Latest Research Report on MSFT

Microsoft Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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