Proactive Wealth Strategies LLC Makes New $3.77 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Proactive Wealth Strategies LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 8,761 shares of the software giant’s stock, valued at approximately $3,770,000. Microsoft accounts for about 2.1% of Proactive Wealth Strategies LLC’s portfolio, making the stock its 9th largest holding.

A number of other institutional investors also recently modified their holdings of MSFT. Christopher J. Hasenberg Inc increased 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 worth $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP bought a new stake in Microsoft during the second quarter worth $45,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC raised its position in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the 2nd quarter valued at $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.4 %

Shares of MSFT opened at $424.58 on Friday. The business’s 50-day moving average price is $429.21 and its 200-day moving average price is $426.58. 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 twelve month low of $384.81 and a twelve month high of $468.35. The stock has a market cap of $3.16 trillion, a PE ratio of 35.03, a P/E/G ratio of 2.22 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 (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the prior year, the company posted $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities analysts forecast that Microsoft Co. will post 12.92 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Piper Sandler increased their price target on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, 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. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

About Microsoft

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.