Wynn Capital LLC Grows Position in Microsoft Co. (NASDAQ:MSFT)

Wynn Capital LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 0.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,118 shares of the software giant’s stock after purchasing an additional 32 shares during the quarter. Microsoft makes up approximately 3.4% of Wynn Capital LLC’s portfolio, making the stock its 4th largest holding. Wynn Capital LLC’s holdings in Microsoft were worth $5,214,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares during the period. Jacobs & Co. CA increased its position in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after acquiring an additional 880 shares during the period. New Harbor Financial Group LLC increased its position in Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after acquiring an additional 450 shares during the period. Nippon Life Global Investors Americas Inc. increased its position in Microsoft by 2.0% during the second quarter. Nippon Life Global Investors Americas Inc. now owns 430,730 shares of the software giant’s stock worth $192,515,000 after acquiring an additional 8,290 shares during the period. Finally, Quest Investment Management LLC increased its position in Microsoft by 3.4% during the second quarter. Quest Investment Management LLC now owns 156,258 shares of the software giant’s stock worth $69,840,000 after acquiring an additional 5,176 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $422.99 on Friday. The stock has a market capitalization of $3.14 trillion, a P/E ratio of 34.90, a P/E/G ratio of 2.22 and a beta of 0.91. Microsoft Co. has a 1-year low of $362.90 and a 1-year 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 business has a 50-day moving average price of $421.07 and a two-hundred day moving average price of $426.39.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the previous year, the business posted $2.99 EPS. Equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

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

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be issued a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is currently 27.39%.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the sale, the chief financial officer now directly owns 496,369 shares of the company’s stock, valued at approximately $203,784,292.95. This trade represents a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 209,431 shares of company stock valued at $85,796,688 in the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. 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. TD Cowen decreased their price target on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note 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 note on Tuesday, November 5th. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, October 28th. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company 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.