Joel Isaacson & Co. LLC Buys 22,075 Shares of Microsoft Co. (NASDAQ:MSFT)

Joel Isaacson & Co. LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 30.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 95,231 shares of the software giant’s stock after acquiring an additional 22,075 shares during the period. Microsoft comprises 2.0% of Joel Isaacson & Co. LLC’s holdings, making the stock its 11th biggest holding. Joel Isaacson & Co. LLC’s holdings in Microsoft were worth $40,978,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after buying an additional 44 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter valued at approximately $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC lifted its position in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the period. Finally, Bbjs Financial Advisors LLC lifted its stake in Microsoft by 241.4% in the second quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock valued at $169,000 after buying an additional 268 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $436.60 on Monday. The stock has a 50-day moving average price of $427.02 and a 200-day moving average price of $428.42. The company has a market cap of $3.25 trillion, a PE ratio of 36.02, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $366.50 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued 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. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same quarter in the prior year, the firm earned $2.99 EPS. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. As a group, equities analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current fiscal 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 shares. This buyback authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s management believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft’s payout ratio is 27.39%.

Insider Buying and Selling

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last ninety days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Sanford C. Bernstein dropped their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. DA Davidson downgraded Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a report on Monday, September 23rd. BMO Capital Markets lowered their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Stifel Nicolaus boosted their price target on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $508.46.

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.