Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Mach 1 Financial Group LLC

Mach 1 Financial Group LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 13.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,617 shares of the software giant’s stock after purchasing an additional 560 shares during the period. Microsoft makes up approximately 1.2% of Mach 1 Financial Group LLC’s holdings, making the stock its 21st largest holding. Mach 1 Financial Group LLC’s holdings in Microsoft were worth $1,987,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of MSFT. Net Worth Advisory Group purchased a new stake in shares of Microsoft during the 3rd quarter valued at about $2,645,000. Oak Ridge Investments LLC raised its holdings in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA raised its holdings in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the period. Finally, Focus Financial Network Inc. raised its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.4 %

NASDAQ:MSFT opened at $417.19 on Tuesday. Microsoft Co. has a 12-month low of $384.81 and a 12-month high of $468.35. The firm has a market capitalization of $3.10 trillion, a P/E ratio of 34.42, a P/E/G 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. The business has a 50 day simple moving average of $429.00 and a 200 day simple moving average of $426.98.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating 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 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 firm posted $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. Equities research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft announced that its Board of Directors has authorized a stock buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its stock is undervalued.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Citigroup dropped their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, October 28th. Mizuho lifted their price objective on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. Finally, BMO Capital Markets dropped their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $511.62.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction on 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. The trade was a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company insiders.

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.