Microsoft Co. (NASDAQ:MSFT) Shares Bought by Grant Street Asset Management Inc.

Grant Street Asset Management Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,521 shares of the software giant’s stock after buying an additional 31 shares during the quarter. Microsoft makes up approximately 0.7% of Grant Street Asset Management Inc.’s investment portfolio, making the stock its 18th largest position. Grant Street Asset Management Inc.’s holdings in Microsoft were worth $2,376,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of MSFT. Christopher J. Hasenberg Inc lifted its stake 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 acquiring an additional 44 shares in the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the second quarter valued at $45,000. MidAtlantic Capital Management Inc. purchased a new position in Microsoft in the third quarter valued at $62,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter worth about $75,000. Finally, Carolina Wealth Advisors LLC grew its holdings in Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was 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 owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade 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 worth $17,383,892 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Morgan Stanley decreased their price target on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a report on Wednesday, January 22nd. Loop Capital boosted their target price on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a report on Monday, December 23rd. Mizuho lifted their price target on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Tuesday, November 5th. Finally, Citigroup lowered their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $512.66.

Microsoft Stock Down 0.6 %

MSFT stock opened at $444.06 on Monday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The firm has a market cap of $3.30 trillion, a PE ratio of 36.64, a P/E/G ratio of 2.40 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 has a 50 day simple moving average of $431.05 and a 200 day simple moving average of $425.54.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 EPS. Equities research analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is presently 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.