Frisch Financial Group Inc. Sells 361 Shares of Microsoft Co. (NASDAQ:MSFT)

Frisch Financial Group Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,828 shares of the software giant’s stock after selling 361 shares during the quarter. Microsoft accounts for approximately 3.0% of Frisch Financial Group Inc.’s holdings, making the stock its 13th largest position. Frisch Financial Group Inc.’s holdings in Microsoft were worth $9,823,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. International Assets Investment Management LLC increased its stake in shares of 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 worth $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. lifted its holdings in shares of Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in Microsoft by 67.5% in the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after purchasing an additional 2,404,348 shares during the last quarter. Baillie Gifford & Co. lifted its stake in Microsoft by 46.1% in the third quarter. Baillie Gifford & Co. now owns 7,048,244 shares of the software giant’s stock worth $3,032,859,000 after purchasing an additional 2,222,483 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Microsoft by 4.1% during 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 acquiring an additional 2,125,030 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 0.2 %

NASDAQ MSFT opened at $411.44 on Wednesday. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. 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 capitalization of $3.06 trillion, a price-to-earnings ratio of 33.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The firm’s fifty day moving average price is $431.07 and its 200 day moving average price is $423.29.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate 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 period in the previous year, the firm posted $2.93 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Insider Transactions at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated 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 owns 117,294 shares in the company, valued at approximately $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 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 corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSFT shares. Sanford C. Bernstein cut their price objective on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. TD Cowen cut their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Finally, DA Davidson reissued a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $510.96.

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.