Microsoft Co. (NASDAQ:MSFT) Shares Sold by Patriot Financial Group Insurance Agency LLC

Patriot Financial Group Insurance Agency LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.0% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 34,962 shares of the software giant’s stock after selling 1,073 shares during the period. Microsoft comprises approximately 2.0% of Patriot Financial Group Insurance Agency LLC’s holdings, making the stock its 6th biggest holding. Patriot Financial Group Insurance Agency LLC’s holdings in Microsoft were worth $15,044,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in shares of Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares during the last quarter. Wulff Hansen & CO. grew its stake in shares of Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after buying an additional 4,824,436 shares during the period. Assenagon Asset Management S.A. increased its holdings in shares of Microsoft by 67.5% during the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after buying an additional 2,404,348 shares during the last quarter. Strategic Financial Concepts LLC raised its position in shares of Microsoft by 31,648.5% in the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock worth $8,366,000 after buying an additional 1,865,996 shares during the period. Finally, PineStone Asset Management Inc. boosted its holdings in Microsoft by 128.4% in the second quarter. PineStone Asset Management Inc. now owns 3,160,657 shares of the software giant’s stock valued at $1,412,656,000 after acquiring an additional 1,776,825 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have commented on the company. The Goldman Sachs Group dropped their price target on Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. BMO Capital Markets cut their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Finally, KeyCorp upped their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. 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 MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.90.

Microsoft Price Performance

Shares of MSFT opened at $438.11 on Friday. Microsoft Co. has a 52 week low of $366.50 and a 52 week high of $468.35. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.26 trillion, a price-to-earnings ratio of 36.15, a PEG ratio of 2.37 and a beta of 0.90. The stock has a 50 day moving average of $428.65 and a 200-day moving average of $428.86.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the previous year, the company posted $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. As a group, analysts forecast 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 permits the company to repurchase $60.00 billion in shares. This repurchase authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. Microsoft’s dividend 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.