JDM Financial Group LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

JDM Financial Group LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 12.0% during the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 784 shares of the software giant’s stock after purchasing an additional 84 shares during the period. JDM Financial Group LLC’s holdings in Microsoft were worth $337,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc increased its stake in shares of Microsoft by 35.7% during the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after acquiring an additional 25 shares during the period. Quarry LP acquired a new position in Microsoft during the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $62,000. Carolina Wealth Advisors LLC lifted its holdings in shares of 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 purchased a new stake in shares of Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on MSFT shares. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Mizuho reduced their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Citigroup lowered their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Thursday, January 30th. Finally, Sanford C. Bernstein lowered their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Down 0.2 %

MSFT opened at $411.44 on Wednesday. The stock has a market capitalization of $3.06 trillion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a 50-day moving average of $431.07 and a two-hundred day moving average of $423.29.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping 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 quarter last year, the business earned $2.93 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid 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 yield of 0.81%. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The shares were sold at an average price of $423.48, for a total transaction of $423,480.00. Following the completion of the sale, the chief marketing officer now directly owns 56,511 shares of the company’s stock, valued at approximately $23,931,278.28. This represents a 1.74 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 34,000 shares of company stock valued at $14,333,540 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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.