Microsoft Co. (NASDAQ:MSFT) Shares Sold by Intellectus Partners LLC

Intellectus Partners LLC cut its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,991 shares of the software giant’s stock after selling 79 shares during the period. Microsoft accounts for approximately 2.0% of Intellectus Partners LLC’s portfolio, making the stock its 5th biggest holding. Intellectus Partners LLC’s holdings in Microsoft were worth $7,742,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Net Worth Advisory Group acquired a new stake in Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC boosted its holdings in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after acquiring an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its holdings in shares of Microsoft by 1.6% in the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after acquiring an additional 31,401 shares in the last quarter. Jacobs & Co. CA lifted its holdings in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock worth $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. lifted its holdings in Microsoft by 2.0% during the 3rd quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

MSFT stock opened at $429.03 on Monday. The firm has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. 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 12-month low of $385.58 and a 12-month high of $468.35. The company’s fifty day simple moving average is $429.32 and its 200 day simple moving average is $426.37.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating 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 firm had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. On average, analysts expect that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s dividend payout ratio is presently 27.39%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. Loop Capital upped their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. TD Cowen reduced their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Three research analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $512.93.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated 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 completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock worth $17,383,892 in the last quarter. Insiders own 0.03% of the company’s stock.

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.