Microsoft Co. (NASDAQ:MSFT) is Advisor OS LLC’s 10th Largest Position

Advisor OS LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.2% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 37,802 shares of the software giant’s stock after buying an additional 2,549 shares during the period. Microsoft makes up about 1.8% of Advisor OS LLC’s holdings, making the stock its 10th biggest position. Advisor OS LLC’s holdings in Microsoft were worth $16,896,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in MSFT. Rebalance LLC increased its holdings in Microsoft by 0.7% in the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls boosted its position in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after acquiring an additional 24 shares in the last quarter. Partnership Wealth Management LLC increased its stake in Microsoft by 0.4% in the first quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after acquiring an additional 25 shares during the period. Doheny Asset Management CA raised its position in Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock worth $2,691,000 after purchasing an additional 25 shares in the last quarter. Finally, Flagship Private Wealth LLC lifted its stake in Microsoft by 2.8% during the second 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 currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

MSFT stock opened at $418.78 on Tuesday. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35. The business’s 50-day moving average price is $419.90 and its two-hundred day moving average price is $424.55. The firm has a market cap of $3.11 trillion, a PE ratio of 36.26, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16.

Microsoft (NASDAQ:MSFT) last posted its earnings results 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. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. During the same period in the prior year, the business earned $2.69 EPS. Microsoft’s revenue for the quarter was up 15.2% compared to the same quarter last year. As a group, research analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft announced that its Board of Directors has approved a stock repurchase program 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 programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s dividend payout ratio is presently 28.74%.

Insiders Place Their Bets

In other news, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total value of $6,009,869.18. Following the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Bank of America raised 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. Argus lifted their price objective on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Tuesday, October 8th. UBS Group cut their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Finally, TD Cowen boosted their price target on shares of Microsoft from $470.00 to $495.00 and gave the company a “buy” rating in a research report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $495.68.

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.