OMNI 360 Wealth Inc. Purchases 1,611 Shares of Microsoft Co. (NASDAQ:MSFT)

OMNI 360 Wealth Inc. grew its stake in Microsoft Co. (NASDAQ:MSFT) by 31.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,701 shares of the software giant’s stock after purchasing an additional 1,611 shares during the quarter. Microsoft comprises about 1.9% of OMNI 360 Wealth Inc.’s holdings, making the stock its 13th biggest holding. OMNI 360 Wealth Inc.’s holdings in Microsoft were worth $2,883,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the 1st 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. Massmutual Trust Co. FSB ADV boosted its position in shares of Microsoft by 0.4% during the second quarter. Massmutual Trust Co. FSB ADV now owns 380,840 shares of the software giant’s stock valued at $170,217,000 after buying an additional 1,353 shares during the period. Hudson Valley Investment Advisors Inc. ADV grew its holdings in shares of Microsoft by 7.8% in the second quarter. Hudson Valley Investment Advisors Inc. ADV now owns 101,344 shares of the software giant’s stock worth $45,296,000 after purchasing an additional 7,346 shares during the last quarter. Marcum Wealth LLC grew its stake in Microsoft by 2.4% in the second quarter. Marcum Wealth LLC now owns 48,368 shares of the software giant’s stock worth $21,618,000 after purchasing an additional 1,126 shares in the last quarter. Finally, Modus Advisors LLC grew its holdings in Microsoft by 0.7% during the 2nd quarter. Modus Advisors LLC now owns 15,301 shares of the software giant’s stock worth $6,839,000 after acquiring an additional 104 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $439.33 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock has a market capitalization of $3.27 trillion, a PE ratio of 36.25, a P/E/G ratio of 2.37 and a beta of 0.90. The firm has a 50 day moving average of $427.34 and a two-hundred day moving average of $428.58. Microsoft Co. has a 52 week low of $366.50 and a 52 week 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, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same period in the prior year, the firm posted $2.99 EPS. The business’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

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

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Morgan Stanley boosted their target price on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Sanford C. Bernstein lowered their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research note on Friday, October 25th. Mizuho lifted their price target on Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. UBS Group boosted their price target on shares of Microsoft from $500.00 to $525.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Citigroup lowered their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $509.90.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.