Grey Fox Wealth Advisors LLC Buys 159 Shares of Microsoft Co. (NASDAQ:MSFT)

Grey Fox Wealth Advisors LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 10.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,673 shares of the software giant’s stock after acquiring an additional 159 shares during the period. Grey Fox Wealth Advisors LLC’s holdings in Microsoft were worth $748,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Rebalance LLC increased its holdings in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares during the last quarter. Arkansas Financial Group Inc. increased its stake in Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after acquiring an additional 25 shares during the last quarter. Partnership Wealth Management LLC raised its holdings in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after purchasing an additional 25 shares during the period. Doheny Asset Management CA lifted its stake in shares of Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC grew its holdings in shares of Microsoft by 2.8% during the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on MSFT shares. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Tuesday. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Wednesday, July 31st. Morgan Stanley reissued an “overweight” rating and issued a $506.00 price objective on shares of Microsoft in a research report on Tuesday, September 17th. Bank of America upped their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Finally, Tigress Financial raised their target price on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $493.94.

Microsoft Stock Up 1.3 %

MSFT stock opened at $414.71 on Wednesday. The stock has a fifty day moving average of $417.97 and a 200-day moving average of $424.89. Microsoft Co. has a fifty-two week low of $323.18 and a fifty-two week high of $468.35. The company has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 35.91, a PEG ratio of 2.30 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.27 and a current ratio of 1.27.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results 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 company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the previous year, the business earned $2.69 earnings per share. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft declared that its board has authorized a share repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are often 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. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. Microsoft’s payout ratio is currently 28.74%.

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.