Triton Wealth Management PLLC Acquires 561 Shares of Microsoft Co. (NASDAQ:MSFT)

Triton Wealth Management PLLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 9.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,765 shares of the software giant’s stock after acquiring an additional 561 shares during the quarter. Microsoft comprises 1.6% of Triton Wealth Management PLLC’s portfolio, making the stock its 11th largest position. Triton Wealth Management PLLC’s holdings in Microsoft were worth $2,855,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 169.2% in the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC bought a new position in Microsoft during the 2nd quarter worth approximately $75,000. Bellevue Group AG grew its holdings in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the period. Finally, Bbjs Financial Advisors LLC grew its holdings in Microsoft by 241.4% during the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after purchasing an additional 268 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research report on Thursday, October 31st. TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. Wedbush reiterated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday. Finally, DA Davidson cut Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price for the company. in a research note on Monday, September 23rd. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $503.03.

Insider Activity at Microsoft

In other Microsoft 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 value of $16,103,600.00. Following the transaction, the insider now directly owns 544,847 shares of the company’s stock, valued at $219,349,953.73. This represents a 6.84 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. This trade represents a 4.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,829 shares of company stock worth $80,966,837. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $417.79 on Wednesday. The stock has a market cap of $3.11 trillion, a P/E ratio of 34.47, a P/E/G ratio of 2.20 and a beta of 0.91. The company has a fifty day moving average price of $422.62 and a two-hundred day moving average price of $426.21. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter last year, the company posted $2.99 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, November 21st. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 27.39%.

Microsoft announced that its board has authorized a stock buyback program on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its stock is undervalued.

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.