Radnor Capital Management LLC Makes New $12.88 Million Investment in Microsoft Co. (NASDAQ:MSFT)

Radnor Capital Management LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 29,937 shares of the software giant’s stock, valued at approximately $12,882,000. Microsoft comprises approximately 1.9% of Radnor Capital Management LLC’s investment portfolio, making the stock its 7th largest position.

A number of other large investors also recently made changes to their positions in MSFT. Leslie Global Wealth LLC lifted its holdings in Microsoft by 13.8% during the third quarter. Leslie Global Wealth LLC now owns 2,791 shares of the software giant’s stock worth $1,201,000 after acquiring an additional 338 shares during the period. Invictus Private Wealth LLC increased its position in shares of Microsoft by 1.0% during the 3rd quarter. Invictus Private Wealth LLC now owns 90,577 shares of the software giant’s stock valued at $38,975,000 after purchasing an additional 927 shares during the last quarter. Wisconsin Capital Management LLC raised its stake in shares of Microsoft by 1.6% during the 3rd quarter. Wisconsin Capital Management LLC now owns 25,813 shares of the software giant’s stock worth $11,107,000 after purchasing an additional 412 shares during the period. Financial Security Advisor Inc. raised its stake in shares of Microsoft by 5.5% during the 3rd quarter. Financial Security Advisor Inc. now owns 30,087 shares of the software giant’s stock worth $12,946,000 after purchasing an additional 1,577 shares during the period. Finally, Avidian Wealth Enterprises LLC boosted its holdings in shares of Microsoft by 2.1% in the 3rd quarter. Avidian Wealth Enterprises LLC now owns 38,872 shares of the software giant’s stock worth $16,727,000 after buying an additional 782 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on MSFT. Citigroup decreased their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. UBS Group upped their price objective on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Sanford C. Bernstein reduced their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Morgan Stanley boosted their price target on shares of Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a research report on Thursday, October 31st. Finally, JPMorgan Chase & Co. cut their price objective on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $511.62.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the company’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 completion of the sale, the executive vice president now 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.3 %

Microsoft stock opened at $422.37 on Wednesday. The business has a fifty day moving average price of $428.45 and a 200-day moving average price of $427.79. Microsoft Co. has a 1-year low of $369.01 and a 1-year high of $468.35. The stock has a market capitalization of $3.14 trillion, a price-to-earnings ratio of 34.85, a PEG 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 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. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 EPS. Equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Microsoft announced that its board has authorized a stock buyback plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its shares are undervalued.

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.