RPg Family Wealth Advisory LLC Has $8.70 Million Stake in Microsoft Co. (NASDAQ:MSFT)

RPg Family Wealth Advisory LLC increased its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 20,229 shares of the software giant’s stock after buying an additional 316 shares during the quarter. Microsoft comprises approximately 2.5% of RPg Family Wealth Advisory LLC’s holdings, making the stock its 8th largest holding. RPg Family Wealth Advisory LLC’s holdings in Microsoft were worth $8,704,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSFT. CreativeOne Wealth LLC increased its stake in Microsoft by 41.9% in the third quarter. CreativeOne Wealth LLC now owns 95,565 shares of the software giant’s stock worth $41,121,000 after purchasing an additional 28,240 shares during the period. BNP Paribas increased its stake in shares of Microsoft by 11.6% during the third quarter. BNP Paribas now owns 372,784 shares of the software giant’s stock valued at $160,110,000 after buying an additional 38,858 shares during the period. Blueshift Asset Management LLC increased its stake in shares of Microsoft by 95.7% during the third quarter. Blueshift Asset Management LLC now owns 9,095 shares of the software giant’s stock valued at $3,914,000 after buying an additional 4,448 shares during the period. WorthPointe LLC increased its stake in shares of Microsoft by 10.3% during the third quarter. WorthPointe LLC now owns 3,193 shares of the software giant’s stock valued at $1,374,000 after buying an additional 298 shares during the period. Finally, Soros Capital Management LLC purchased a new position in shares of Microsoft during the third quarter valued at $20,676,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. Loop Capital raised their price target on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $509.00 price objective on shares of Microsoft in a research report on Wednesday, January 29th. Sanford C. Bernstein dropped their price objective on Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Trading Up 0.0 %

Microsoft stock opened at $415.06 on Monday. The stock has a 50-day moving average price of $432.53 and a 200 day moving average price of $424.61. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates 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 period in the previous year, the firm earned $2.93 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Dividend Announcement

The firm 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is currently owned by corporate 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.