Wealthstream Advisors Inc. Buys 123 Shares of Microsoft Co. (NASDAQ:MSFT)

Wealthstream Advisors Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.0% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,975 shares of the software giant’s stock after purchasing an additional 123 shares during the period. Microsoft comprises about 0.9% of Wealthstream Advisors Inc.’s investment portfolio, making the stock its 14th largest position. Wealthstream Advisors Inc.’s holdings in Microsoft were worth $5,153,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in MSFT. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Hobbs Group Advisors LLC bought a new position in Microsoft during the 2nd quarter worth about $2,367,000. Focus Financial Network Inc. grew its holdings in Microsoft by 1.8% during the 2nd quarter. Focus Financial Network Inc. now owns 74,807 shares of the software giant’s stock worth $33,178,000 after acquiring an additional 1,341 shares in the last quarter. Finally, Enzi Wealth grew its holdings in Microsoft by 8.7% during the 2nd quarter. Enzi Wealth now owns 1,806 shares of the software giant’s stock worth $844,000 after acquiring an additional 145 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

MSFT has been the topic of several recent research reports. TD Cowen dropped their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. JPMorgan Chase & Co. decreased their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Finally, Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Three investment analysts have rated the stock with a hold rating, twenty-six have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $512.93.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on 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 transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $429.03 on Monday. The stock has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The firm’s 50 day simple moving average is $429.32 and its 200-day simple moving average is $426.37. 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 analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the company earned $2.99 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 12.92 EPS for the current year.

Microsoft Dividend Announcement

The firm 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. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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.