Glass Jacobson Investment Advisors llc Reduces Position in Microsoft Co. (NASDAQ:MSFT)

Glass Jacobson Investment Advisors llc lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,802 shares of the software giant’s stock after selling 50 shares during the period. Microsoft accounts for approximately 1.3% of Glass Jacobson Investment Advisors llc’s investment portfolio, making the stock its 14th biggest position. Glass Jacobson Investment Advisors llc’s holdings in Microsoft were worth $3,487,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of MSFT. Rebalance LLC increased its position in shares of 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 purchasing an additional 24 shares during the last quarter. First National Bank Sioux Falls increased its position in shares of Microsoft by 0.4% in 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 purchasing an additional 24 shares during the last quarter. Doheny Asset Management CA increased its position in shares of Microsoft by 0.4% in the 1st quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after purchasing an additional 25 shares during the last quarter. Flagship Private Wealth LLC increased its position in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the last quarter. Finally, Massachusetts Wealth Management increased its position in shares of Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, CFO Amy Hood sold 38,000 shares of the company’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 completion of 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 filing with the SEC, which is available at this link. In other Microsoft news, CFO Amy Hood sold 38,000 shares of the firm’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value 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 $203,784,292.95. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of Microsoft stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 190,629 shares of company stock worth $77,916,485 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 0.7 %

Shares of NASDAQ MSFT opened at $411.46 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $353.35 and a 52 week high of $468.35. The firm has a 50-day moving average price of $420.55 and a 200 day moving average price of $424.83. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 33.95, a price-to-earnings-growth ratio of 2.16 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities research analysts anticipate that Microsoft Co. will post 12.96 EPS for the current fiscal year.

Microsoft announced that its board has authorized a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s payout ratio is 24.75%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Bank of America increased their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research report on Wednesday, July 17th. Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Mizuho increased their target price on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, Argus increased their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $503.03.

Microsoft Company 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.