Nabity Jensen Investment Management Inc Buys Shares of 6,493 Microsoft Co. (NASDAQ:MSFT)

Nabity Jensen Investment Management Inc purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,493 shares of the software giant’s stock, valued at approximately $2,794,000. Microsoft comprises approximately 2.1% of Nabity Jensen Investment Management Inc’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Microsoft by 1.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant’s stock worth $20,322,513,000 after acquiring an additional 652,493 shares during the last quarter. International Assets Investment Management LLC increased its holdings in Microsoft by 48,526.1% in 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 during the last quarter. Ameriprise Financial Inc. lifted its stake in Microsoft by 0.3% during the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after purchasing an additional 97,075 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its position in shares of Microsoft by 2.3% during the third quarter. Fisher Asset Management LLC now owns 27,904,450 shares of the software giant’s stock worth $12,007,285,000 after buying an additional 636,713 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSFT. TD Cowen lowered their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Stifel Nicolaus upped their target price on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Cantor Fitzgerald reissued an “overweight” rating and issued a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Morgan Stanley cut their price objective on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research report on Thursday, January 30th. Finally, Wedbush reissued an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was 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 approximately $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the transaction, the chief marketing officer now directly owns 56,511 shares in the company, valued at $23,931,278.28. This represents a 1.74 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 34,000 shares of company stock worth $14,333,540 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 0.6 %

Shares of Microsoft stock opened at $412.22 on Tuesday. The company’s fifty day moving average is $431.44 and its two-hundred day moving average is $423.41. Microsoft Co. has a 1 year low of $385.58 and a 1 year high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $3.06 trillion, a P/E ratio of 33.19, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company earned $2.93 EPS. Analysts forecast that Microsoft Co. will post 13.07 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

About Microsoft

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.