Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Presidio Capital Management LLC

Presidio Capital Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.4% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,086 shares of the software giant’s stock after purchasing an additional 290 shares during the period. Microsoft accounts for approximately 0.8% of Presidio Capital Management LLC’s portfolio, making the stock its 16th largest position. Presidio Capital Management LLC’s holdings in Microsoft were worth $1,328,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new stake in Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new stake in shares of Microsoft in the second quarter valued at about $75,000. Carolina Wealth Advisors LLC boosted its stake in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft in the second quarter valued at $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT stock opened at $418.95 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 1-year low of $380.38 and a 1-year high of $468.35. The stock’s fifty day simple moving average is $428.83 and its 200-day simple moving average is $427.53. The company has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 34.57, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm posted $2.99 earnings per share. The firm’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

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

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent research reports. Piper Sandler upped their price objective on Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research report on Monday, January 6th. KeyCorp upped their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. UBS Group raised their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Mizuho lifted their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Two analysts have rated the stock with a hold rating and twenty-eight have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $511.62.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s 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 completion of the transaction, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of Microsoft 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 sale, the executive vice president now directly owns 103,366 shares in the company, valued at $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. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 in the last 90 days. 0.03% of the stock is 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.