Semmax Financial Advisors Inc. Purchases 651 Shares of Microsoft Co. (NASDAQ:MSFT)

Semmax Financial Advisors Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.7% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,401 shares of the software giant’s stock after acquiring an additional 651 shares during the quarter. Microsoft makes up about 1.7% of Semmax Financial Advisors Inc.’s investment portfolio, making the stock its 13th largest position. Semmax Financial Advisors Inc.’s holdings in Microsoft were worth $6,092,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% in the 3rd 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 last quarter. Quarry LP acquired a new position in Microsoft in the second quarter valued at approximately $45,000. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the third quarter valued at approximately $62,000. 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 during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 2nd quarter valued at $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $412.37 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. 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 $3.07 trillion, a P/E ratio of 33.20, a PEG ratio of 2.21 and a beta of 0.90. The business has a fifty day moving average price of $432.37 and a 200-day moving average price of $424.21.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 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 33.36%. During the same period in the prior year, the business posted $2.93 earnings per share. As a group, equities research analysts forecast that Microsoft Co. will post 13.03 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analyst Ratings Changes

A number of brokerages have issued reports on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. BMO Capital Markets decreased their price objective on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. JPMorgan Chase & Co. lowered their price objective 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. Morgan Stanley decreased their price target on Microsoft from $540.00 to $530.00 and set an “overweight” rating for the company in a research note on Thursday, January 30th. Finally, Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Transactions at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 103,366 shares of the company’s stock, valued at approximately $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 can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Company insiders own 0.03% of the company’s stock.

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.