Microsoft Co. (NASDAQ:MSFT) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP cut its position in Microsoft Co. (NASDAQ:MSFT) by 1.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,820 shares of the software giant’s stock after selling 489 shares during the quarter. Microsoft makes up about 2.5% of Mirador Capital Partners LP’s holdings, making the stock its 9th biggest position. Mirador Capital Partners LP’s holdings in Microsoft were worth $13,692,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its stake in Microsoft by 169.2% during the 2nd 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 period. Quarry LP bought a new stake in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the second quarter worth $75,000. Bellevue Group AG raised its stake in Microsoft by 47.5% during the 1st 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. Finally, Bbjs Financial Advisors LLC grew its position in Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.5 %

NASDAQ:MSFT opened at $417.79 on Wednesday. The company has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.47, a P/E/G ratio of 2.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock’s fifty day moving average price is $422.62 and its two-hundred day moving average price is $426.21. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. On average, analysts anticipate that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost 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 dividend yield of 0.79%. Microsoft’s payout ratio is presently 27.39%.

Microsoft announced that its Board of Directors has approved a stock buyback 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 buy up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of research analysts have recently commented on MSFT shares. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Piper Sandler reiterated an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. TD Cowen lowered their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Finally, Morgan Stanley increased their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $503.03.

Insider Activity

In other Microsoft news, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 197,829 shares of company stock valued at $80,966,837 in the last 90 days. 0.03% of the stock is owned by company insiders.

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.