Legacy Investment Solutions LLC Purchases Shares of 1,095 Microsoft Co. (NASDAQ:MSFT)

Legacy Investment Solutions LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,095 shares of the software giant’s stock, valued at approximately $466,000.

A number of other institutional investors also recently added to or reduced their stakes in the company. BCK Partners Inc. boosted its holdings in Microsoft by 1.8% in the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after acquiring an additional 24 shares during the last quarter. Deseret Mutual Benefit Administrators lifted its stake in Microsoft by 0.8% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after buying an additional 25 shares during the period. Conscious Wealth Investments LLC raised its position in shares of Microsoft by 0.4% during the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock worth $3,108,000 after purchasing an additional 25 shares during the period. Global Wealth Strategies & Associates raised its position in shares of Microsoft by 0.8% during the third quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock worth $1,290,000 after purchasing an additional 25 shares during the period. Finally, Christopher J. Hasenberg Inc raised its position 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 buying an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The stock was 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 in the company, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 34,000 shares of company stock valued at $14,333,540 over the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. reduced their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. TD Cowen dropped their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $509.00 price objective on shares of Microsoft in a report on Wednesday, January 29th. Finally, DA Davidson reissued a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Stock Down 0.2 %

Shares of Microsoft stock opened at $411.44 on Wednesday. The stock’s 50-day moving average is $431.07 and its 200 day moving average is $423.29. Microsoft Co. has a one year low of $385.58 and a one year 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 firm has a market cap of $3.06 trillion, a price-to-earnings ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same period in the prior year, the firm earned $2.93 earnings per share. Equities research analysts anticipate that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Dividend Announcement

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

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.