Infrastructure Capital Advisors LLC Purchases New Shares in Microsoft Co. (NASDAQ:MSFT)

Infrastructure Capital Advisors LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,477 shares of the software giant’s stock, valued at approximately $1,066,000.

A number of other hedge funds have also recently modified their holdings of the business. Peterson Wealth Management raised its position in Microsoft by 7.2% in the 3rd quarter. Peterson Wealth Management now owns 12,122 shares of the software giant’s stock worth $5,216,000 after buying an additional 813 shares during the last quarter. Northwest & Ethical Investments L.P. raised its position in Microsoft by 8.2% in the 3rd quarter. Northwest & Ethical Investments L.P. now owns 441,738 shares of the software giant’s stock worth $190,080,000 after buying an additional 33,540 shares during the last quarter. Vinva Investment Management Ltd raised its position in Microsoft by 12.7% in the 3rd quarter. Vinva Investment Management Ltd now owns 316,860 shares of the software giant’s stock worth $135,622,000 after buying an additional 35,828 shares during the last quarter. Elite Wealth Management Inc. raised its position in Microsoft by 2.0% in the 3rd quarter. Elite Wealth Management Inc. now owns 325,486 shares of the software giant’s stock worth $140,057,000 after buying an additional 6,260 shares during the last quarter. Finally, Financial Counselors Inc. raised its position in Microsoft by 2.6% in the 3rd quarter. Financial Counselors Inc. now owns 703,324 shares of the software giant’s stock worth $302,640,000 after buying an additional 17,810 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. 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 three months. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

MSFT has been the subject of a number of recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research report on Friday, January 24th. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Finally, Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $410.92 on Tuesday. The stock has a fifty day moving average price of $432.53 and a two-hundred day moving average price of $424.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $3.05 trillion, a P/E ratio of 33.09, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter last year, the firm posted $2.93 earnings per share. Research analysts forecast that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm 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. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 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.