Concord Wealth Partners Purchases 2,833 Shares of Microsoft Co. (NASDAQ:MSFT)

Concord Wealth Partners lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 7.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,742 shares of the software giant’s stock after buying an additional 2,833 shares during the period. Microsoft makes up about 3.0% of Concord Wealth Partners’ investment portfolio, making the stock its 8th largest holding. Concord Wealth Partners’ holdings in Microsoft were worth $17,962,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Rebalance LLC grew its position in Microsoft by 0.7% in the second quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after acquiring an additional 24 shares in the last quarter. First National Bank Sioux Falls raised its holdings in shares of Microsoft by 0.4% during the 2nd quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after purchasing an additional 24 shares in the last quarter. Flagship Private Wealth LLC lifted its stake in shares of Microsoft by 2.8% in the 2nd quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares during the last quarter. Massachusetts Wealth Management boosted its holdings in Microsoft by 0.3% in the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares in the last quarter. Finally, Deseret Mutual Benefit Administrators increased its position in Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock worth $1,455,000 after buying an additional 25 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on MSFT. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Tuesday, November 5th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Sanford C. Bernstein reduced their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. Finally, Morgan Stanley boosted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $509.90.

Insiders Place Their Bets

In related 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 value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 0.3 %

Shares of NASDAQ MSFT opened at $438.11 on Friday. The business has a fifty day moving average of $428.65 and a two-hundred day moving average of $428.86. 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 $366.50 and a 52-week high of $468.35. The stock has a market cap of $3.26 trillion, a PE ratio of 36.15, a PEG ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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 during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period last year, the firm posted $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 Announces Dividend

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 given 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 payout ratio is 27.39%.

Microsoft declared that its Board of Directors has approved a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to purchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are generally 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.