Microsoft Co. (NASDAQ:MSFT) Shares Sold by Boomfish Wealth Group LLC

Boomfish Wealth Group LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,197 shares of the software giant’s stock after selling 213 shares during the quarter. Microsoft accounts for approximately 2.2% of Boomfish Wealth Group LLC’s investment portfolio, making the stock its 6th biggest holding. Boomfish Wealth Group LLC’s holdings in Microsoft were worth $3,527,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Cliftonlarsonallen Wealth Advisors LLC increased its stake in Microsoft by 11.0% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 36,763 shares of the software giant’s stock worth $15,819,000 after acquiring an additional 3,654 shares during the last quarter. Cornell Pochily Investment Advisors Inc. increased its position in shares of Microsoft by 1.6% during the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 19,927 shares of the software giant’s stock worth $8,575,000 after purchasing an additional 309 shares during the last quarter. GenWealth Group Inc. raised its holdings in Microsoft by 4.2% in the 3rd quarter. GenWealth Group Inc. now owns 1,348 shares of the software giant’s stock valued at $580,000 after buying an additional 54 shares during the period. FinTrust Capital Advisors LLC lifted its position in Microsoft by 1.6% in the third quarter. FinTrust Capital Advisors LLC now owns 26,138 shares of the software giant’s stock valued at $11,247,000 after buying an additional 419 shares during the last quarter. Finally, Iams Wealth Management LLC boosted its stake in Microsoft by 11.6% during the third quarter. Iams Wealth Management LLC now owns 10,399 shares of the software giant’s stock worth $4,475,000 after buying an additional 1,077 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

MSFT stock opened at $431.20 on Wednesday. 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 company’s fifty day moving average price is $420.83 and its 200-day moving average price is $426.70. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The company has a market capitalization of $3.21 trillion, a PE ratio of 35.58, a price-to-earnings-growth ratio of 2.29 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the business earned $2.99 EPS. The company’s quarterly revenue was up 16.0% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. Microsoft’s payout ratio is presently 27.39%.

Microsoft announced that its board has initiated a share 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 purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on MSFT. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a research report on Monday, September 23rd. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. The Goldman Sachs Group cut their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. The trade was a 6.84 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The trade was a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 134,578 shares of company stock worth $55,279,956. Corporate insiders own 0.03% of the company’s stock.

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.