Microsoft Co. (NASDAQ:MSFT) Shares Bought by Texas Capital Bank Wealth Management Services Inc

Texas Capital Bank Wealth Management Services Inc raised its stake in Microsoft Co. (NASDAQ:MSFT) by 13.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,214 shares of the software giant’s stock after acquiring an additional 3,353 shares during the quarter. Microsoft makes up approximately 1.4% of Texas Capital Bank Wealth Management Services Inc’s investment portfolio, making the stock its 10th largest position. Texas Capital Bank Wealth Management Services Inc’s holdings in Microsoft were worth $13,057,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the period. Innealta Capital LLC acquired a new position in shares of Microsoft during 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 buying an additional 58 shares during the period. Bbjs Financial Advisors LLC raised its stake in shares of Microsoft by 241.4% during the 2nd 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 period. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft during the 2nd quarter worth approximately $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents 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 quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $425.20 on Thursday. The stock’s 50-day moving average price is $421.38 and its 200 day moving average price is $425.44. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 35.08, a PEG ratio of 2.24 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 (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the company earned $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. As a group, sell-side analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its Board of Directors has initiated a stock 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 buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The company 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 dividend of $0.83 per share. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is presently 24.75%.

Analyst Ratings Changes

Several analysts recently commented on the company. Citigroup dropped their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. Morgan Stanley boosted their price target on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. TD Cowen dropped their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Wedbush reiterated an “underperform” rating on shares of Microsoft in a research report on Friday, October 18th. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target 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.