Tranquility Partners LLC Has $16.39 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Tranquility Partners LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 38,095 shares of the software giant’s stock after selling 367 shares during the period. Microsoft comprises approximately 5.9% of Tranquility Partners LLC’s investment portfolio, making the stock its largest holding. Tranquility Partners LLC’s holdings in Microsoft were worth $16,392,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP grew its stake in Microsoft by 3.0% during the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after buying an additional 1,164 shares in the last quarter. Sather Financial Group Inc increased its stake in Microsoft by 3.5% in the second quarter. Sather Financial Group Inc now owns 255,923 shares of the software giant’s stock valued at $114,385,000 after acquiring an additional 8,642 shares during the last quarter. Finally, Secure Asset Management LLC raised its holdings in shares of Microsoft by 33.6% during the 2nd quarter. Secure Asset Management LLC now owns 22,506 shares of the software giant’s stock worth $10,059,000 after buying an additional 5,664 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 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. The trade was a 17.57 % decrease in their ownership of the stock. 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 90 days. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on MSFT shares. JPMorgan Chase & Co. dropped their price objective 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. TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald started coverage on Microsoft in a report on Friday, January 17th. They set an “overweight” rating and a $509.00 target price on the stock. Wedbush reissued an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Three research 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’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $512.66.

Microsoft Stock Down 0.6 %

Shares of NASDAQ:MSFT opened at $444.06 on Friday. The business’s 50 day moving average is $430.47 and its 200 day moving average is $425.69. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The stock has a market cap of $3.30 trillion, a price-to-earnings ratio of 36.64, a PEG ratio of 2.40 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 (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.99 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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 of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio is currently 27.39%.

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.