Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,849 shares of the software giant’s stock after purchasing an additional 326 shares during the period. Microsoft makes up 3.9% of Maxwell Wealth Strategies Inc.’s portfolio, making the stock its 2nd biggest position. Maxwell Wealth Strategies Inc.’s holdings in Microsoft were worth $8,990,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Christopher J. Hasenberg Inc grew 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 valued at $31,000 after purchasing an additional 44 shares during the last quarter. Quarry LP acquired a new stake in shares of Microsoft during the second quarter worth $45,000. Innealta Capital LLC acquired a new stake in Microsoft in the 2nd quarter valued at $75,000. Carolina Wealth Advisors LLC increased its stake in Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft in the 2nd quarter valued at about $200,000. 71.13% of the stock is owned by institutional investors.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. 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 stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company’s stock, 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. Over the last 90 days, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $428.50 on Wednesday. The firm has a 50 day simple moving average of $429.54 and a 200 day simple moving average of $425.92. The company has a market cap of $3.19 trillion, a price-to-earnings ratio of 35.35, a PEG ratio of 2.28 and a beta of 0.90. Microsoft Co. has a one year low of $385.58 and a one year high of $468.35. 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 released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. The firm 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 company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter last year, the firm earned $2.99 earnings per share. Research analysts predict that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. Finally, Mizuho increased their target price on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a research report on Friday, December 13th. Two equities research analysts have rated the stock with a hold rating, twenty-seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $512.93.

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.