22,562 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Brophy Wealth Management LLC

Brophy Wealth Management LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 22,562 shares of the software giant’s stock, valued at approximately $9,709,000. Microsoft comprises about 3.5% of Brophy Wealth Management LLC’s portfolio, making the stock its 4th biggest holding.

A number of other large investors have also recently bought and sold shares of MSFT. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Microsoft by 4.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock worth $23,490,417,000 after buying an additional 2,125,030 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after purchasing an additional 652,493 shares during the period. International Assets Investment Management LLC grew its stake in Microsoft by 48,526.1% during the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Microsoft by 2.3% during the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock valued at $12,007,285,000 after purchasing an additional 636,713 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on 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 directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction 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 in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 34,000 shares of company stock worth $14,333,540. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MSFT. Piper Sandler reiterated an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a report on Monday, January 27th. BMO Capital Markets reduced their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Mizuho dropped their target price on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. 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 MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.6 %

Shares of MSFT stock opened at $412.22 on Tuesday. The stock’s 50-day moving average price is $431.44 and its 200-day moving average price is $423.41. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 33.19, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued 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 previous year, the business posted $2.93 EPS. Equities research analysts predict that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Microsoft Profile

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.