Lifestyle Asset Management Inc. Buys 103 Shares of Microsoft Co. (NASDAQ:MSFT)

Lifestyle Asset Management Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.9% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,257 shares of the software giant’s stock after buying an additional 103 shares during the quarter. Lifestyle Asset Management Inc.’s holdings in Microsoft were worth $541,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc grew its position in shares of Microsoft by 169.2% in 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 purchased a new stake in Microsoft in the second quarter worth about $45,000. Innealta Capital LLC bought a new position in shares of Microsoft during the second quarter valued at approximately $75,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Microsoft by 10.1% during the third 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, MayTech Global Investments LLC bought a new stake in shares of Microsoft in the 2nd quarter worth approximately $200,000. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated 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 directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the company’s 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 approximately $43,792,039.56. This trade represents a 6.51 % 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 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 1.3 %

Shares of MSFT stock opened at $418.95 on Friday. Microsoft Co. has a 1 year low of $380.38 and a 1 year high of $468.35. The firm has a fifty day moving average price of $428.83 and a 200-day moving average price of $427.53. The company has a market cap of $3.11 trillion, a price-to-earnings ratio of 34.57, a PEG ratio of 2.37 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 released 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. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. As a group, equities analysts predict that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft declared that its board has approved a share buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Microsoft Dividend Announcement

The company 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Morgan Stanley lifted their price target on Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a research report on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. KeyCorp lifted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Finally, Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $511.62.

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.