Nadler Financial Group Inc. Sells 32 Shares of Microsoft Co. (NASDAQ:MSFT)

Nadler Financial Group Inc. cut its position in Microsoft Co. (NASDAQ:MSFT) by 0.1% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 30,522 shares of the software giant’s stock after selling 32 shares during the quarter. Microsoft makes up approximately 1.4% of Nadler Financial Group Inc.’s investment portfolio, making the stock its 18th largest holding. Nadler Financial Group Inc.’s holdings in Microsoft were worth $13,133,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Creative Financial Designs Inc. ADV grew its stake in shares of Microsoft by 2.2% during the third quarter. Creative Financial Designs Inc. ADV now owns 14,403 shares of the software giant’s stock worth $6,198,000 after acquiring an additional 304 shares during the last quarter. Pursue Wealth Partners LLC lifted its stake in shares of Microsoft by 19.4% during the third quarter. Pursue Wealth Partners LLC now owns 36,943 shares of the software giant’s stock worth $15,897,000 after buying an additional 6,003 shares during the period. Focus Financial Network Inc. grew its holdings in shares of Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after buying an additional 1,489 shares during the last quarter. Pacific Sage Partners LLC raised its stake in Microsoft by 0.4% in the 3rd quarter. Pacific Sage Partners LLC now owns 184,081 shares of the software giant’s stock worth $79,210,000 after acquiring an additional 648 shares during the last quarter. Finally, Hartford Financial Management Inc. lifted its position in Microsoft by 4.0% during the 3rd quarter. Hartford Financial Management Inc. now owns 51,857 shares of the software giant’s stock worth $22,314,000 after acquiring an additional 2,001 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MSFT. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. TD Cowen decreased their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and set a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Finally, Mizuho upped their price objective on Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $509.90.

Insider Buying and Selling

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

Microsoft Stock Down 0.8 %

MSFT opened at $421.50 on Wednesday. The business has a 50 day simple moving average of $428.90 and a 200-day simple moving average of $428.60. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35. The stock has a market capitalization of $3.13 trillion, a P/E ratio of 34.78, a P/E/G ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (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 the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue was up 16.0% compared to the same quarter last year. During the same quarter last year, the firm posted $2.99 EPS. On average, equities analysts anticipate that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

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

Microsoft 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.