NBC Securities Inc. Has $35.89 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

NBC Securities Inc. reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 83,402 shares of the software giant’s stock after selling 104 shares during the period. Microsoft accounts for approximately 3.0% of NBC Securities Inc.’s holdings, making the stock its 4th largest holding. NBC Securities Inc.’s holdings in Microsoft were worth $35,888,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. WFA Asset Management Corp boosted its stake in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. China Universal Asset Management Co. Ltd. lifted its position in shares of Microsoft by 62.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after acquiring an additional 43,327 shares during the period. Quent Capital LLC grew its holdings in shares of Microsoft by 4.3% during the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock worth $15,099,000 after purchasing an additional 1,467 shares in the last quarter. Atomi Financial Group Inc. increased its position in shares of Microsoft by 33.6% in the first quarter. Atomi Financial Group Inc. now owns 49,412 shares of the software giant’s stock worth $20,789,000 after purchasing an additional 12,426 shares during the period. Finally, Significant Wealth Partners LLC raised its stake in Microsoft by 8.5% in the first quarter. Significant Wealth Partners LLC now owns 1,346 shares of the software giant’s stock valued at $566,000 after purchasing an additional 106 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Oppenheimer lowered Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. KeyCorp increased their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target on the stock. in a report on Monday, September 23rd. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $503.03.

Insiders Place Their Bets

In other Microsoft news, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the completion of the transaction, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through 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 completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 134,578 shares of company stock worth $55,279,956 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $431.20 on Wednesday. The business’s 50-day simple moving average is $420.83 and its 200-day simple moving average is $426.70. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 35.58, a P/E/G ratio of 2.29 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted 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 business 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 firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.99 EPS. As a group, equities research analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has approved a stock repurchase program on Monday, September 16th that allows the company to buyback $60.00 billion in shares. This buyback authorization allows the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.