Burr Financial Services LLC Has $5.67 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Burr Financial Services LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 16.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 13,167 shares of the software giant’s stock after selling 2,671 shares during the period. Microsoft comprises 4.0% of Burr Financial Services LLC’s holdings, making the stock its 7th biggest holding. Burr Financial Services LLC’s holdings in Microsoft were worth $5,666,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. JFS Wealth Advisors LLC grew its stake in shares of Microsoft by 93.9% during the third quarter. JFS Wealth Advisors LLC now owns 20,506 shares of the software giant’s stock worth $8,824,000 after buying an additional 9,928 shares during the last quarter. Sunburst Financial Group LLC boosted its holdings in shares of Microsoft by 1.7% during the 3rd quarter. Sunburst Financial Group LLC now owns 8,921 shares of the software giant’s stock valued at $3,839,000 after acquiring an additional 150 shares in the last quarter. Diversify Wealth Management LLC boosted its holdings in shares of Microsoft by 31.3% during the 3rd quarter. Diversify Wealth Management LLC now owns 33,031 shares of the software giant’s stock valued at $14,025,000 after acquiring an additional 7,882 shares in the last quarter. Pinnacle Associates Ltd. grew its position in Microsoft by 8.2% during the 3rd quarter. Pinnacle Associates Ltd. now owns 505,091 shares of the software giant’s stock worth $217,341,000 after acquiring an additional 38,412 shares during the last quarter. Finally, First Trust Direct Indexing L.P. raised its position in Microsoft by 4.2% in the third quarter. First Trust Direct Indexing L.P. now owns 216,816 shares of the software giant’s stock valued at $93,296,000 after purchasing an additional 8,827 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a report on Friday, October 18th. Oppenheimer downgraded shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Wedbush reissued an “outperform” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Tuesday, November 19th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $470.00 target price on shares of Microsoft in a research report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $509.90.

Microsoft Trading Down 1.7 %

NASDAQ MSFT opened at $430.53 on Monday. 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 $366.50 and a 52 week high of $468.35. The business has a 50 day moving average price of $428.90 and a 200-day moving average price of $428.85. The company has a market cap of $3.20 trillion, a price-to-earnings ratio of 35.52, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly 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. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. Microsoft’s quarterly revenue was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.99 EPS. As a group, equities analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.77%. Microsoft’s dividend payout ratio (DPR) is currently 27.39%.

Microsoft declared that its Board of Directors has authorized a share repurchase program 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 stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction 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 sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction on 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 transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade 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 valued at $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by insiders.

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.