Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Threadgill Financial LLC

Threadgill Financial LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 28.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,537 shares of the software giant’s stock after purchasing an additional 345 shares during the period. Threadgill Financial LLC’s holdings in Microsoft were worth $661,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in MSFT. Christopher J. Hasenberg Inc lifted its holdings in Microsoft by 169.2% in 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 in the last quarter. Quarry LP acquired a new position in shares of Microsoft in the second quarter valued at approximately $45,000. Innealta Capital LLC purchased a new position in shares of Microsoft during the second quarter valued at approximately $75,000. Bellevue Group AG boosted its position in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares during the last quarter. Finally, Bbjs Financial Advisors LLC grew its stake 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 acquiring an additional 268 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Morgan Stanley boosted 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. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday. Finally, TD Cowen dropped their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $503.03.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $414.17 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. Microsoft Co. has a fifty-two week low of $362.90 and a fifty-two week high of $468.35. The stock has a market capitalization of $3.08 trillion, a PE ratio of 34.17, a P/E/G ratio of 2.21 and a beta of 0.91. The business has a fifty day moving average price of $422.21 and a two-hundred day moving average price of $426.05.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating the consensus estimate of $3.10 by $0.20. The business had revenue of $65.59 billion during 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.99 EPS. As a group, equities analysts predict that Microsoft Co. will post 12.94 earnings per share for the current fiscal year.

Microsoft declared that its Board of Directors has initiated a share buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business 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. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio is currently 24.75%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. This represents a 4.76 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Satya Nadella sold 78,353 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 183,431 shares of company stock valued at $74,956,968. 0.03% of the stock is owned by company insiders.

Microsoft 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.