Independent Family Office LLC Has $1.87 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Independent Family Office LLC boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 62.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,360 shares of the software giant’s stock after acquiring an additional 1,670 shares during the period. Microsoft accounts for 0.9% of Independent Family Office LLC’s investment portfolio, making the stock its 19th biggest holding. Independent Family Office LLC’s holdings in Microsoft were worth $1,870,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Christopher J. Hasenberg Inc boosted its holdings in 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 period. Quarry LP acquired a new position in shares of Microsoft during the second quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter valued at about $62,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during 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. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the second quarter valued at about $200,000. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The transaction 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 the company’s 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 sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $415.82 on Friday. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm’s 50 day moving average is $431.86 and its 200-day moving average is $423.85. The firm has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 33.36% and a net margin of 35.43%. During the same quarter in the prior year, the business posted $2.93 EPS. Sell-side analysts forecast that Microsoft Co. will post 13.03 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have commented on MSFT. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Mizuho lowered their price target on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Royal Bank of Canada reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Finally, Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

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.