Beaird Harris Wealth Management LLC Acquires 1,741 Shares of Microsoft Co. (NASDAQ:MSFT)

Beaird Harris Wealth Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 29.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,644 shares of the software giant’s stock after buying an additional 1,741 shares during the period. Beaird Harris Wealth Management LLC’s holdings in Microsoft were worth $3,417,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in MSFT. Christopher J. Hasenberg Inc raised its holdings in shares of Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of Microsoft in the second quarter valued at about $75,000. Bellevue Group AG raised its holdings in shares of Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. Bbjs Financial Advisors LLC increased its holdings in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after buying an additional 268 shares during the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft during the second quarter worth about $200,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In related news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Satya Nadella sold 78,353 shares of the firm’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the sale, the chief executive officer now directly owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 197,829 shares of company stock valued at $80,966,837 in the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 1.2 %

Shares of NASDAQ MSFT opened at $423.03 on Wednesday. The firm has a fifty day simple moving average of $421.11 and a two-hundred day simple moving average of $425.32. The firm has a market capitalization of $3.15 trillion, a PE ratio of 34.90, a price-to-earnings-growth ratio of 2.24 and a beta of 0.91. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12 month low of $362.90 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.99 EPS. Equities analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its Board of Directors has authorized a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its shares are undervalued.

Microsoft Increases Dividend

The firm 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 $0.83 dividend. The ex-dividend date of this dividend 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 0.78%. Microsoft’s dividend payout ratio is currently 27.39%.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. UBS Group decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. reduced their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. 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. Finally, Wedbush reiterated an “underperform” rating on shares of Microsoft in a research note on Friday, October 18th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

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.