WorthPointe LLC Has $1.37 Million Stake in Microsoft Co. (NASDAQ:MSFT)

WorthPointe LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 10.3% during the third quarter, according to its most recent filing with the SEC. The firm owned 3,193 shares of the software giant’s stock after purchasing an additional 298 shares during the period. Microsoft accounts for approximately 0.6% of WorthPointe LLC’s portfolio, making the stock its 24th largest position. WorthPointe LLC’s holdings in Microsoft were worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Charles Schwab Investment Management Inc. lifted its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock valued at $20,322,513,000 after acquiring an additional 652,493 shares during the period. International Assets Investment Management LLC increased its stake in Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. increased its stake in Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock valued at $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Fisher Asset Management LLC increased its stake in Microsoft by 2.3% during the 3rd quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock valued at $12,007,285,000 after purchasing an additional 636,713 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock valued at $10,768,771,000 after purchasing an additional 1,563,533 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred 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 sale, the chief marketing officer now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was 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 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 41,200 shares of company stock worth $17,383,892 over the last quarter. 0.03% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Mizuho lowered their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a report on Thursday. The Goldman Sachs Group lowered their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 10th. Stifel Nicolaus increased their target price on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Trading Up 0.0 %

Shares of NASDAQ MSFT opened at $415.06 on Monday. The stock’s 50 day moving average price is $432.53 and its two-hundred day moving average price is $424.61. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The stock has a market capitalization of $3.09 trillion, a P/E ratio of 33.42, a PEG ratio of 2.38 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 34.38% and a net margin of 35.43%. During the same quarter in the previous year, the company earned $2.93 EPS. On average, analysts anticipate that Microsoft Co. will post 12.89 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders 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 yield of 0.80%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is currently 26.73%.

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.