Family Investment Center Inc. Acquires 56 Shares of Microsoft Co. (NASDAQ:MSFT)

Family Investment Center Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,812 shares of the software giant’s stock after purchasing an additional 56 shares during the quarter. Family Investment Center Inc.’s holdings in Microsoft were worth $810,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in MSFT. Neo Ivy Capital Management bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC grew its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares in the last quarter. Bellevue Group AG increased its holdings in Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Horizon Financial Services LLC bought a new stake in Microsoft during the 1st quarter valued at $80,000. Finally, Cooksen Wealth LLC purchased a new stake in shares of Microsoft in the 4th quarter worth $86,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares in the company, valued at $219,349,953.73. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, insider Bradford L. Smith sold 40,000 shares of the business’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at approximately $20,552,000. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on MSFT shares. Morgan Stanley restated an “overweight” rating and set a $506.00 price target on shares of Microsoft in a research note on Tuesday. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. Tigress Financial upped their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. New Street Research assumed coverage on shares of Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price objective on the stock. Finally, Wells Fargo & Company boosted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 31st. Two analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Microsoft Price Performance

MSFT stock opened at $435.15 on Wednesday. The business’s 50-day moving average is $422.31 and its two-hundred day moving average is $423.73. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27. The firm has a market capitalization of $3.23 trillion, a P/E ratio of 37.68, a P/E/G ratio of 2.14 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.69 EPS. Analysts anticipate that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, November 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 25.97%.

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.