Intrepid Capital Management Inc. Has $1.82 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Intrepid Capital Management Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% in the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 4,218 shares of the software giant’s stock after buying an additional 142 shares during the quarter. Intrepid Capital Management Inc.’s holdings in Microsoft were worth $1,815,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Christopher J. Hasenberg Inc increased 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 worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP bought a new stake in Microsoft during the second quarter worth about $45,000. MidAtlantic Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth about $62,000. Carolina Wealth Advisors LLC increased its holdings in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC bought a new stake in shares of Microsoft during the 2nd quarter worth approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction 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 transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT stock opened at $415.82 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The firm has a 50 day moving average of $431.86 and a 200-day moving average of $423.85. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share 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 company earned $2.93 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. 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 dividend payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. Morgan Stanley decreased their price objective on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Citigroup lowered their price target on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a report on Wednesday, October 23rd. BMO Capital Markets reduced their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Finally, KeyCorp raised their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target 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.