Microsoft Co. (NASDAQ:MSFT) is Atlanta Consulting Group Advisors LLC’s 7th Largest Position

Atlanta Consulting Group Advisors LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 23.1% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 26,844 shares of the software giant’s stock after purchasing an additional 5,035 shares during the quarter. Microsoft comprises 2.9% of Atlanta Consulting Group Advisors LLC’s portfolio, making the stock its 7th largest position. Atlanta Consulting Group Advisors LLC’s holdings in Microsoft were worth $11,551,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were 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 directly owns 103,366 shares in the company, valued at $43,792,039.56. The trade was a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Piper Sandler raised their target price on Microsoft from $470.00 to $520.00 and gave the stock an “overweight” rating in a research report on Monday, January 6th. Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. JPMorgan Chase & Co. dropped their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. The Goldman Sachs Group lowered their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Finally, 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. Two analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $446.20 on Thursday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company’s fifty day moving average price is $429.65 and its 200 day moving average price is $425.70. The company has a market capitalization of $3.32 trillion, a PE ratio of 36.82, a price-to-earnings-growth ratio of 2.28 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its 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 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 analyst estimates of $64.57 billion. During the same quarter last year, the business earned $2.99 earnings per share. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 yield of 0.74%. Microsoft’s payout ratio is 27.39%.

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.