Microsoft Co. (NASDAQ:MSFT) Shares Bought by TFB Advisors LLC

TFB Advisors LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 7.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,099 shares of the software giant’s stock after purchasing an additional 1,089 shares during the period. Microsoft comprises 2.2% of TFB Advisors LLC’s portfolio, making the stock its 5th largest position. TFB Advisors LLC’s holdings in Microsoft were worth $6,748,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc lifted its position in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Neo Ivy Capital Management acquired a new stake in Microsoft during the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC lifted its holdings in Microsoft by 1,290.0% during the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Microsoft in the 2nd quarter worth approximately $75,000. Finally, Bellevue Group AG increased its holdings in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after acquiring an additional 58 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Wells Fargo & Company boosted their target price on shares of Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Morgan Stanley reiterated an “overweight” rating and set a $506.00 price objective on shares of Microsoft in a research note on Tuesday, September 17th. Mizuho raised their target price on shares of Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a report on Tuesday, July 16th. UBS Group lowered 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, Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Tuesday. Three equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $493.94.

Insider Transactions at Microsoft

In other Microsoft news, CFO Amy Hood sold 38,000 shares of the stock in a transaction that occurred on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The shares were sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction dated 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 transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was 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 have sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $414.71 on Wednesday. Microsoft Co. has a one year low of $323.18 and a one year high of $468.35. The company has a market cap of $3.08 trillion, a P/E ratio of 35.91, a P/E/G ratio of 2.30 and a beta of 0.90. The firm has a 50-day moving average of $417.97 and a 200-day moving average of $424.89. 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 quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the company posted $2.69 earnings per share. Equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is presently 28.74%.

Microsoft announced that its Board of Directors has approved a share repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.