Ingalls & Snyder LLC Has $92.89 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Ingalls & Snyder LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 3rd quarter, according to its most recent filing with the SEC. The firm owned 215,876 shares of the software giant’s stock after selling 3,499 shares during the period. Microsoft makes up approximately 3.6% of Ingalls & Snyder LLC’s holdings, making the stock its 5th biggest position. Ingalls & Snyder LLC’s holdings in Microsoft were worth $92,891,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSFT. Intrepid Capital Management Inc. boosted its stake in shares of Microsoft by 3.5% in the 3rd quarter. Intrepid Capital Management Inc. now owns 4,218 shares of the software giant’s stock worth $1,815,000 after buying an additional 142 shares during the last quarter. Independent Family Office LLC boosted its position in Microsoft by 62.1% in the third quarter. Independent Family Office LLC now owns 4,360 shares of the software giant’s stock worth $1,870,000 after purchasing an additional 1,670 shares during the last quarter. Integrated Wealth Concepts LLC grew its stake in shares of Microsoft by 1.1% during the 3rd quarter. Integrated Wealth Concepts LLC now owns 256,084 shares of the software giant’s stock valued at $110,193,000 after purchasing an additional 2,901 shares during the period. Investment Management Corp of Ontario increased its position in shares of Microsoft by 22.2% during the 3rd quarter. Investment Management Corp of Ontario now owns 544,893 shares of the software giant’s stock valued at $234,467,000 after purchasing an additional 99,152 shares during the last quarter. Finally, Ionic Capital Management LLC bought a new position in shares of Microsoft in the 3rd quarter worth approximately $1,398,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Loop Capital boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a report on Tuesday, November 19th. DA Davidson reissued a “neutral” rating and set a $425.00 price target on shares of Microsoft in a report on Thursday, January 30th. Finally, KeyCorp raised their price objective on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $510.96.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on 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 completion of the transaction, the executive vice president now directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $415.82 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market cap of $3.09 trillion, a price-to-earnings ratio of 33.48, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The stock’s 50 day simple moving average is $431.86 and its two-hundred day simple moving average is $423.85.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the business earned $2.93 EPS. As a group, equities analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend 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.