Microsoft Co. (NASDAQ:MSFT) Position Boosted by Insight Wealth Partners LLC

Insight Wealth Partners LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 108.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,705 shares of the software giant’s stock after buying an additional 2,447 shares during the quarter. Microsoft makes up approximately 0.4% of Insight Wealth Partners LLC’s portfolio, making the stock its 29th largest position. Insight Wealth Partners LLC’s holdings in Microsoft were worth $2,024,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Christopher J. Hasenberg Inc raised its position in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after purchasing an additional 25 shares during the period. Quarry LP bought a new position in shares of Microsoft in the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the 3rd quarter worth about $62,000. Innealta Capital LLC bought a new stake in Microsoft during the 2nd quarter worth about $75,000. Finally, Carolina Wealth Advisors LLC grew its position 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 worth $145,000 after buying an additional 31 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. DA Davidson reiterated a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research report on Thursday. Loop Capital upped their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, Morgan Stanley decreased their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $510.96.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The shares were 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 sold 41,200 shares of company stock valued at $17,383,892 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $415.06 on Monday. The company has a 50-day simple moving average of $432.53 and a two-hundred day simple moving average of $424.61. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. The firm has a market capitalization of $3.09 trillion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. 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 earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same quarter last year, the business earned $2.93 earnings per share. On average, analysts anticipate that Microsoft Co. will post 12.89 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

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.