Icon Wealth Advisors LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Icon Wealth Advisors LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 91.2% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,358 shares of the software giant’s stock after selling 75,961 shares during the quarter. Icon Wealth Advisors LLC’s holdings in Microsoft were worth $3,166,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the last quarter. Quarry LP acquired a new position in Microsoft in the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. purchased a new position in Microsoft during the 3rd quarter worth approximately $62,000. Innealta Capital LLC acquired a new stake in Microsoft during the 2nd quarter valued at approximately $75,000. Finally, Carolina Wealth Advisors LLC boosted its holdings in shares of 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 acquiring an additional 31 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’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 in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. JPMorgan Chase & Co. decreased their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Morgan Stanley reduced their price target on Microsoft from $548.00 to $540.00 and set an “overweight” rating for the company in a research report on Wednesday, January 22nd. The Goldman Sachs Group dropped their price objective on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $512.66.

Microsoft Stock Performance

Microsoft stock opened at $442.33 on Thursday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The stock has a market cap of $3.29 trillion, a price-to-earnings ratio of 36.50, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The firm has a 50 day simple moving average of $432.01 and a 200-day simple moving average of $425.03. 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, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period last year, the firm posted $2.93 EPS. On average, analysts expect that Microsoft Co. will post 12.9 EPS for the current year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

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.