Investors Research Corp boosted its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 0.2% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,182 shares of the software giant’s stock after purchasing an additional 31 shares during the period. Microsoft comprises 1.2% of Investors Research Corp’s investment portfolio, making the stock its 17th biggest position. Investors Research Corp’s holdings in Microsoft were worth $5,672,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its holdings in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new stake in Microsoft in the 2nd quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft in the 3rd quarter worth about $62,000. Innealta Capital LLC purchased a new stake in Microsoft in the 2nd quarter valued at about $75,000. Finally, Carolina Wealth Advisors LLC increased its stake in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Price Performance
MSFT stock opened at $447.24 on Wednesday. The company’s 50-day moving average price is $431.42 and its two-hundred day moving average price is $425.08. The firm has a market cap of $3.33 trillion, a P/E ratio of 36.90, a P/E/G 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 Co. has a 12 month low of $385.58 and a 12 month high of $468.35.
Microsoft Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.
Insider Activity
In related news, 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 value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the 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 completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 over the last quarter. 0.03% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on MSFT shares. Citigroup decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a report on Wednesday, October 23rd. KeyCorp lifted their target price on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Finally, JPMorgan Chase & Co. dropped their target price 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. Three research analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $512.66.
Check Out Our Latest Stock Analysis on Microsoft
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.
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