Texas Capital Bancshares Inc TX Acquires 204 Shares of Microsoft Co. (NASDAQ:MSFT)

Texas Capital Bancshares Inc TX raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 3.9% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,415 shares of the software giant’s stock after purchasing an additional 204 shares during the quarter. Microsoft makes up about 1.0% of Texas Capital Bancshares Inc TX’s investment portfolio, making the stock its 14th largest position. Texas Capital Bancshares Inc TX’s holdings in Microsoft were worth $2,420,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Rebalance LLC increased its position in shares of Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock valued at $1,542,000 after purchasing an additional 24 shares during the last quarter. First National Bank Sioux Falls grew its position in Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after buying an additional 24 shares during the period. Doheny Asset Management CA increased its holdings in Microsoft by 0.4% during the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant’s stock valued at $2,691,000 after buying an additional 25 shares during the last quarter. Flagship Private Wealth LLC raised its position in Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock worth $408,000 after acquiring an additional 25 shares during the period. Finally, Massachusetts Wealth Management boosted its stake in shares of Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. UBS Group decreased their price objective on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Finally, BMO Capital Markets dropped their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. One research analyst has rated the stock with a sell rating, three have issued a hold rating and twenty-six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Stock Up 0.5 %

Shares of MSFT opened at $425.20 on Thursday. The firm has a fifty day moving average price of $421.38 and a 200-day moving average price of $425.44. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.16 trillion, a P/E ratio of 35.08, a P/E/G ratio of 2.24 and a beta of 0.91. Microsoft Co. has a 12-month low of $362.90 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the previous year, the company earned $2.99 EPS. Equities research analysts expect that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, November 21st. Microsoft’s payout ratio is presently 24.75%.

Microsoft declared that its board has initiated a stock buyback program on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to repurchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction dated Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the sale, the chief executive officer now owns 864,327 shares in the company, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CEO Satya Nadella sold 78,353 shares of the business’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the completion of the transaction, the chief executive officer now directly owns 864,327 shares of the company’s stock, valued at approximately $353,189,942.01. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 40,000 shares of the firm’s stock in a transaction dated Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at approximately $219,349,953.73. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 197,829 shares of company stock valued at $80,966,837 over the last three months. 0.03% of the stock is owned by company insiders.

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.