Mattson Financial Services LLC Has $8.77 Million Position in Microsoft Co. (NASDAQ:MSFT)

Mattson Financial Services LLC lowered its position in Microsoft Co. (NASDAQ:MSFT) by 0.7% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,613 shares of the software giant’s stock after selling 132 shares during the period. Microsoft comprises 3.0% of Mattson Financial Services LLC’s holdings, making the stock its largest position. Mattson Financial Services LLC’s holdings in Microsoft were worth $8,766,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Sugarloaf Wealth Management LLC boosted its position in Microsoft by 1.4% during the 3rd quarter. Sugarloaf Wealth Management LLC now owns 15,871 shares of the software giant’s stock worth $6,829,000 after acquiring an additional 212 shares during the last quarter. Park Place Capital Corp increased its stake in shares of Microsoft by 1.1% during the third quarter. Park Place Capital Corp now owns 16,604 shares of the software giant’s stock worth $7,145,000 after purchasing an additional 186 shares during the period. Atomi Financial Group Inc. increased its position in Microsoft by 3.8% during the third quarter. Atomi Financial Group Inc. now owns 62,502 shares of the software giant’s stock worth $26,895,000 after acquiring an additional 2,301 shares during the period. Tealwood Asset Management Inc. raised its holdings in Microsoft by 0.8% in the 3rd quarter. Tealwood Asset Management Inc. now owns 6,033 shares of the software giant’s stock valued at $2,596,000 after acquiring an additional 49 shares in the last quarter. Finally, Traveka Wealth LLC boosted its position in shares of Microsoft by 0.9% during the 3rd quarter. Traveka Wealth LLC now owns 14,514 shares of the software giant’s stock worth $6,245,000 after acquiring an additional 126 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Sanford C. Bernstein lowered their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Wedbush restated an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday, November 19th. TD Cowen dropped 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. Piper Sandler reissued an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. Finally, UBS Group dropped their price target 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. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $503.03.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This represents a 4.76 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $410.55, for a total value of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at approximately $203,784,292.95. The trade was a 7.11 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,431 shares of company stock valued at $74,956,968 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $417.00 on Friday. The stock’s 50 day moving average price is $421.94 and its 200-day moving average price is $426.19. Microsoft Co. has a 52-week low of $362.90 and a 52-week high of $468.35. The stock has a market capitalization of $3.10 trillion, a PE ratio of 34.41, a price-to-earnings-growth ratio of 2.19 and a beta of 0.91. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the business posted $2.99 EPS. The firm’s revenue for the quarter was up 16.0% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 12.93 EPS for the current year.

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

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. The ex-dividend date is Thursday, November 21st. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s payout ratio is currently 27.39%.

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.