Mcintyre Freedman & Flynn Investment Advisers Inc. Has $14.13 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Mcintyre Freedman & Flynn Investment Advisers Inc. trimmed its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,618 shares of the software giant’s stock after selling 600 shares during the period. Microsoft comprises about 10.2% of Mcintyre Freedman & Flynn Investment Advisers Inc.’s portfolio, making the stock its largest position. Mcintyre Freedman & Flynn Investment Advisers Inc.’s holdings in Microsoft were worth $14,132,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 169.2% in 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 in the last quarter. Richardson Capital Management LLC boosted its holdings in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares in the last quarter. Innealta Capital LLC purchased a new position in shares of Microsoft in the 2nd quarter worth approximately $75,000. Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Horizon Financial Services LLC purchased a new stake in Microsoft during the first quarter valued at approximately $80,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on MSFT. UBS Group decreased their price objective on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. The Goldman Sachs Group lowered their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research note on Monday, September 23rd. One research analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $502.97.

Microsoft Stock Performance

Shares of Microsoft stock opened at $431.95 on Wednesday. Microsoft Co. has a 12 month low of $331.83 and a 12 month high of $468.35. The business has a 50-day moving average of $420.84 and a 200 day moving average of $424.65. The stock has a market capitalization of $3.21 trillion, a price-to-earnings ratio of 36.57, a price-to-earnings-growth ratio of 2.24 and a beta of 0.90. 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 results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate 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 company’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.69 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently declared 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 is an increase from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio is 28.11%.

Microsoft announced that its Board of Directors has authorized a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’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 sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at approximately $20,552,000. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 17,378 shares of Microsoft stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the sale, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The shares were 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 in the company, valued at approximately $20,552,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 190,629 shares of company stock valued at $77,916,485 in the last quarter. Corporate 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.