McAdam LLC Increases Stake in Microsoft Co. (NASDAQ:MSFT)

McAdam LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 14,946 shares of the software giant’s stock after acquiring an additional 1,229 shares during the quarter. McAdam LLC’s holdings in Microsoft were worth $6,680,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the company. LRI Investments LLC increased its holdings in Microsoft by 59.6% in the 2nd quarter. LRI Investments LLC now owns 27,323 shares of the software giant’s stock worth $12,212,000 after acquiring an additional 10,204 shares during the last quarter. Colton Groome Financial Advisors LLC increased its holdings in Microsoft by 1.9% in the 2nd quarter. Colton Groome Financial Advisors LLC now owns 14,757 shares of the software giant’s stock worth $6,596,000 after acquiring an additional 271 shares during the last quarter. EWA LLC increased its holdings in Microsoft by 13.6% in the 2nd quarter. EWA LLC now owns 15,724 shares of the software giant’s stock worth $6,995,000 after acquiring an additional 1,879 shares during the last quarter. Family Firm Inc. grew its holdings in Microsoft by 3.1% during the 2nd quarter. Family Firm Inc. now owns 3,696 shares of the software giant’s stock valued at $1,652,000 after buying an additional 110 shares in the last quarter. Finally, Keynote Financial Services LLC grew its holdings in Microsoft by 2.7% during the 2nd quarter. Keynote Financial Services LLC now owns 10,778 shares of the software giant’s stock valued at $4,817,000 after buying an additional 284 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $428.02 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The business has a 50 day moving average of $419.69 and a 200 day moving average of $424.76. The company has a market capitalization of $3.18 trillion, a price-to-earnings ratio of 37.06, a PEG ratio of 2.30 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the previous year, the company posted $2.69 earnings per share. The business’s revenue was up 15.2% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 25.97%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now directly owns 864,327 shares in the company, valued at $353,189,942.01. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Oppenheimer lifted their target price on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. New Street Research assumed coverage on Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Piper Sandler reaffirmed an “overweight” rating and set a $485.00 target price on shares of Microsoft in a report on Wednesday, July 31st. UBS Group reduced their target price on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, Wedbush reaffirmed an “outperform” rating and set a $550.00 target price on shares of Microsoft in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $493.94.

About Microsoft

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.