Integral Investment Advisors Inc. Purchases 464 Shares of Microsoft Co. (NASDAQ:MSFT)

Integral Investment Advisors Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 5.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 9,495 shares of the software giant’s stock after purchasing an additional 464 shares during the period. Microsoft accounts for 1.6% of Integral Investment Advisors Inc.’s holdings, making the stock its 17th biggest holding. Integral Investment Advisors Inc.’s holdings in Microsoft were worth $4,300,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in the company. JMG Financial Group Ltd. lifted its stake in Microsoft by 13.9% during the 2nd quarter. JMG Financial Group Ltd. now owns 5,730 shares of the software giant’s stock valued at $2,561,000 after acquiring an additional 701 shares in the last quarter. Robinson Smith Wealth Advisors LLC lifted its position in shares of Microsoft by 18.9% during the 2nd quarter. Robinson Smith Wealth Advisors LLC now owns 4,275 shares of the software giant’s stock valued at $1,911,000 after buying an additional 680 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Microsoft during the 2nd quarter valued at approximately $132,366,000. BOS Asset Management LLC lifted its position in shares of Microsoft by 2.6% during the second quarter. BOS Asset Management LLC now owns 7,422 shares of the software giant’s stock worth $3,317,000 after acquiring an additional 189 shares in the last quarter. Finally, DiNuzzo Private Wealth Inc. grew its holdings in Microsoft by 5.2% during the 2nd quarter. DiNuzzo Private Wealth Inc. now owns 3,850 shares of the software giant’s stock valued at $1,721,000 after buying an additional 191 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on MSFT shares. Bank of America increased their price objective on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Wells Fargo & Company upped their price target on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a report on Wednesday, July 31st. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, July 31st. Tigress Financial upped their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Citigroup dropped their price target on shares of Microsoft from $520.00 to $500.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $493.94.

Microsoft Trading Up 1.3 %

Microsoft stock opened at $414.71 on Wednesday. The stock has a market cap of $3.08 trillion, a P/E ratio of 35.91, a PEG ratio of 2.30 and a beta of 0.90. The firm’s 50 day moving average price is $417.97 and its 200-day moving average price is $424.89. Microsoft Co. has a 1 year low of $323.18 and a 1 year high of $468.35. 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 (NASDAQ:MSFT) last posted its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same period last year, the firm posted $2.69 earnings per share. On average, equities analysts predict that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 28.74%.

Microsoft announced that its board has initiated a stock 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 purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now owns 496,369 shares in the company, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 190,629 shares of company stock valued at $77,916,485. Insiders own 0.03% of the company’s stock.

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.