AllGen Financial Advisors Inc. Acquires 990 Shares of Microsoft Co. (NASDAQ:MSFT)

AllGen Financial Advisors Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 7.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,932 shares of the software giant’s stock after purchasing an additional 990 shares during the period. Microsoft accounts for about 2.1% of AllGen Financial Advisors Inc.’s investment portfolio, making the stock its 14th biggest holding. AllGen Financial Advisors Inc.’s holdings in Microsoft were worth $6,425,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of the stock. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Quent Capital LLC lifted its holdings in Microsoft by 4.3% in 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. SRN Advisors LLC lifted its position in shares of Microsoft by 2.5% in the first quarter. SRN Advisors LLC now owns 6,071 shares of the software giant’s stock worth $2,554,000 after buying an additional 146 shares in the last quarter. TruNorth Capital Management LLC purchased a new stake in shares of Microsoft during the 1st quarter valued at about $1,115,000. Finally, Sensible Money LLC lifted its holdings in shares of Microsoft by 4.8% in the 1st quarter. Sensible Money LLC now owns 2,554 shares of the software giant’s stock valued at $1,075,000 after acquiring an additional 117 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on MSFT shares. Piper Sandler reissued an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research note on Thursday, October 31st. 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. Morgan Stanley boosted their price objective on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Mizuho raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, Wedbush reiterated an “outperform” rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $509.90.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of MSFT opened at $435.25 on Tuesday. 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 has a 50 day moving average price of $427.02 and a 200-day moving average price of $428.51. Microsoft Co. has a fifty-two week low of $366.50 and a fifty-two week high of $468.35. The stock has a market capitalization of $3.24 trillion, a PE ratio of 35.91, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share 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 company had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the business earned $2.99 earnings per share. Microsoft’s revenue was up 16.0% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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