Lynx Investment Advisory Buys 832 Shares of Microsoft Co. (NASDAQ:MSFT)

Lynx Investment Advisory increased its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 10.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,108 shares of the software giant’s stock after purchasing an additional 832 shares during the quarter. Microsoft makes up 2.8% of Lynx Investment Advisory’s investment portfolio, making the stock its 8th largest holding. Lynx Investment Advisory’s holdings in Microsoft were worth $3,919,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Opinicus Capital Inc. raised its holdings in shares of Microsoft by 0.5% during the third quarter. Opinicus Capital Inc. now owns 16,003 shares of the software giant’s stock valued at $6,886,000 after acquiring an additional 86 shares during the period. Nations Financial Group Inc. IA ADV grew its position in Microsoft by 9.0% during the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 85,778 shares of the software giant’s stock worth $36,911,000 after purchasing an additional 7,079 shares in the last quarter. tru Independence LLC raised its stake in Microsoft by 0.7% during the 3rd quarter. tru Independence LLC now owns 11,334 shares of the software giant’s stock valued at $4,877,000 after purchasing an additional 81 shares during the period. Jupiter Wealth Management LLC lifted its holdings in shares of Microsoft by 1.8% in the third quarter. Jupiter Wealth Management LLC now owns 35,218 shares of the software giant’s stock valued at $15,154,000 after purchasing an additional 615 shares in the last quarter. Finally, Venturi Wealth Management LLC boosted its position in shares of Microsoft by 7.8% in the third quarter. Venturi Wealth Management LLC now owns 90,289 shares of the software giant’s stock worth $38,851,000 after buying an additional 6,568 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 2.6 %

Shares of Microsoft stock opened at $426.31 on Thursday. Microsoft Co. has a 1 year low of $384.81 and a 1 year high of $468.35. The company’s fifty day simple moving average is $429.08 and its 200-day simple moving average is $426.72. The company has a market cap of $3.17 trillion, a price-to-earnings ratio of 35.17, a PEG ratio of 2.37 and a beta of 0.90. 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 (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter in the previous year, the firm posted $2.99 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 27.39%.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Stifel Nicolaus upped their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. dropped their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Morgan Stanley raised their price target on shares of Microsoft from $506.00 to $548.00 and gave the stock an “overweight” rating in a report on Thursday, October 31st. Piper Sandler upped their price objective on shares of Microsoft from $470.00 to $520.00 and gave the company an “overweight” rating in a research note on Monday, January 6th. Finally, BMO Capital Markets decreased their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $511.62.

View Our Latest Research Report on MSFT

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were 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 owns 57,511 shares in the company, valued at approximately $23,850,961.92. This represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by corporate insiders.

About Microsoft

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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