Elevated Capital Advisors LLC Has $6.85 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Elevated Capital Advisors LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 38.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,927 shares of the software giant’s stock after buying an additional 4,407 shares during the period. Microsoft accounts for 1.8% of Elevated Capital Advisors LLC’s portfolio, making the stock its 10th largest holding. Elevated Capital Advisors LLC’s holdings in Microsoft were worth $6,854,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Christopher J. Hasenberg Inc boosted its holdings 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 worth $31,000 after buying an additional 44 shares during the period. Quarry LP bought a new stake in Microsoft during the second quarter valued at about $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC increased its stake in shares of Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC lifted its position in shares of Microsoft by 241.4% during 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. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. KeyCorp raised their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Truist Financial restated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Two investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $505.43.

Insider Transactions at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.6 %

NASDAQ MSFT opened at $454.46 on Wednesday. The stock’s 50 day simple moving average is $425.79 and its 200 day simple moving average is $428.04. Microsoft Co. has a one year low of $366.50 and a one year high of $468.35. The firm has a market cap of $3.38 trillion, a PE ratio of 37.50, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. 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 (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. The business’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft announced that its board has approved a share 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 reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Microsoft Company 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.