Silver Oak Securities Incorporated Purchases 4,153 Shares of Microsoft Co. (NASDAQ:MSFT)

Silver Oak Securities Incorporated boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 26.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,790 shares of the software giant’s stock after purchasing an additional 4,153 shares during the quarter. Microsoft comprises about 0.9% of Silver Oak Securities Incorporated’s investment portfolio, making the stock its 24th largest position. Silver Oak Securities Incorporated’s holdings in Microsoft were worth $8,386,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Christopher J. Hasenberg Inc raised its holdings in 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 in the second quarter valued at $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft in the 2nd quarter worth about $75,000. Carolina Wealth Advisors LLC grew its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC raised 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 period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $436.60 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35. The company has a market cap of $3.25 trillion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The firm’s 50-day moving average price is $427.02 and its 200-day moving average price is $428.42.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period in the prior year, the firm earned $2.99 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.76%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Insider Activity

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Friday. Finally, TD Cowen decreased their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $508.46.

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.