Integrated Capital Management Inc. Sells 47 Shares of Microsoft Co. (NASDAQ:MSFT)

Integrated Capital Management Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 900 shares of the software giant’s stock after selling 47 shares during the quarter. Microsoft comprises approximately 0.3% of Integrated Capital Management Inc.’s portfolio, making the stock its 25th biggest holding. Integrated Capital Management Inc.’s holdings in Microsoft were worth $387,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp boosted its position in shares of Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after acquiring an additional 216 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Microsoft by 62.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after acquiring an additional 43,327 shares during the period. KFA Private Wealth Group LLC boosted its position in shares of Microsoft by 4.8% in the first quarter. KFA Private Wealth Group LLC now owns 7,958 shares of the software giant’s stock valued at $3,348,000 after acquiring an additional 366 shares during the period. Blackhawk Capital Partners LLC. boosted its position in shares of Microsoft by 1.7% in the first quarter. Blackhawk Capital Partners LLC. now owns 11,025 shares of the software giant’s stock valued at $4,638,000 after acquiring an additional 181 shares during the period. Finally, Connecticut Wealth Management LLC boosted its position in shares of Microsoft by 0.5% in the first quarter. Connecticut Wealth Management LLC now owns 47,752 shares of the software giant’s stock valued at $20,090,000 after acquiring an additional 248 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction on 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 sale, the chief executive officer now owns 864,327 shares in the company, valued at $353,189,942.01. The trade was a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on 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 sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 4.76 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 183,431 shares of company stock worth $74,956,968 over the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on MSFT shares. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. KeyCorp raised their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, UBS Group lowered their target price on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $503.03.

Microsoft Stock Up 1.0 %

Shares of NASDAQ MSFT opened at $417.00 on Friday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $362.90 and a 52 week high of $468.35. The firm’s fifty day moving average is $421.94 and its 200 day moving average is $426.07. The company has a market cap of $3.10 trillion, a price-to-earnings ratio of 34.41, a PEG ratio of 2.21 and a beta of 0.91.

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

Microsoft announced that its Board of Directors has approved a share buyback plan on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

Microsoft Increases Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.80%. This is a boost from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is 24.75%.

Microsoft 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.