Providence Capital Advisors LLC Has $16.34 Million Position in Microsoft Co. (NASDAQ:MSFT)

Providence Capital Advisors LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 37,966 shares of the software giant’s stock after purchasing an additional 360 shares during the period. Microsoft accounts for approximately 3.2% of Providence Capital Advisors LLC’s portfolio, making the stock its largest holding. Providence Capital Advisors LLC’s holdings in Microsoft were worth $16,337,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its holdings 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 worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP purchased a new stake in shares of Microsoft in the second quarter worth $45,000. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter worth $62,000. Innealta Capital LLC purchased a new stake in shares of Microsoft in the second quarter worth $75,000. Finally, Carolina Wealth Advisors LLC raised its position 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 buying an additional 31 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.0 %

NASDAQ MSFT opened at $415.06 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 stock has a market capitalization of $3.09 trillion, a PE ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The business’s 50-day moving average is $432.53 and its 200 day moving average is $424.61.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same period in the previous year, the firm earned $2.93 EPS. Sell-side analysts forecast that Microsoft Co. will post 12.89 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s payout ratio is presently 26.73%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein lowered their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Morgan Stanley lowered their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup lowered their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. UBS Group lowered their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday. Finally, Cantor Fitzgerald restated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % 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 valued at $17,383,892 over the last ninety days. 0.03% of the stock is owned by insiders.

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.