TrinityPoint Wealth LLC Purchases 88 Shares of Microsoft Co. (NASDAQ:MSFT)

TrinityPoint Wealth LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 58,664 shares of the software giant’s stock after purchasing an additional 88 shares during the period. Microsoft makes up about 4.1% of TrinityPoint Wealth LLC’s portfolio, making the stock its 3rd biggest position. TrinityPoint Wealth LLC’s holdings in Microsoft were worth $26,220,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Bayesian Capital Management LP lifted its stake in shares of Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after acquiring an additional 18,200 shares during the period. Warren Street Wealth Advisors LLC raised its stake in Microsoft by 16.5% during the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after buying an additional 956 shares during the period. Czech National Bank grew its holdings in shares of Microsoft by 0.4% during the first quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after buying an additional 5,253 shares during the last quarter. True Link Financial Advisors LLC boosted its position in shares of Microsoft by 296.7% during the first quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after buying an additional 2,264 shares during the last quarter. Finally, United Advisor Group LLC bought a new stake in Microsoft in the 4th quarter worth about $9,538,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction that occurred on 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 owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on 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 completion of the sale, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction 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 completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. 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.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MSFT shares. Bank of America lifted their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research note on Wednesday, July 17th. UBS Group decreased their target price on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Piper Sandler reissued an “overweight” rating and issued a $485.00 price target on shares of Microsoft in a report on Wednesday, July 31st. The Goldman Sachs Group reduced their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note 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 MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $493.47.

Microsoft Stock Performance

NASDAQ:MSFT opened at $415.84 on Friday. The business’s fifty day moving average price is $417.79 and its 200 day moving average price is $424.74. The firm has a market capitalization of $3.09 trillion, a PE ratio of 36.00, a price-to-earnings-growth ratio of 2.30 and a beta of 0.90. Microsoft Co. has a 12 month low of $324.39 and a 12 month 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 issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same quarter in the prior year, the business posted $2.69 EPS. The company’s revenue for the quarter was up 15.2% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft announced that its board has authorized a share buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 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.