Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Madrona Financial Services LLC

Madrona Financial Services LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,075 shares of the software giant’s stock after purchasing an additional 56 shares during the quarter. Microsoft accounts for 7.2% of Madrona Financial Services LLC’s investment portfolio, making the stock its 5th biggest holding. Madrona Financial Services LLC’s holdings in Microsoft were worth $25,850,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Christopher J. Hasenberg Inc boosted its stake in shares of 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 buying an additional 44 shares during the period. Quarry LP purchased a new stake in shares of Microsoft during the second quarter worth $45,000. Innealta Capital LLC acquired a new stake in Microsoft during the second quarter valued at $75,000. Bellevue Group AG grew its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC increased 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. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on the company. KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. The Goldman Sachs Group cut their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. UBS Group decreased their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $504.36.

Microsoft Price Performance

Shares of MSFT stock opened at $443.57 on Monday. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The company has a market capitalization of $3.30 trillion, a P/E ratio of 36.60, a P/E/G ratio of 2.32 and a beta of 0.90. The stock has a 50 day moving average of $421.47 and a two-hundred day moving average of $427.00. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.99 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. Microsoft’s payout ratio is currently 27.39%.

Microsoft announced that its board has authorized a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the sale, the executive vice president now owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The trade was a 10.37 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,000 shares of the company’s stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the completion of the sale, the chief marketing officer now owns 51,852 shares in the company, valued at $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 58,578 shares of company stock valued at $24,450,096 over the last quarter. 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.