Dynamic Advisor Solutions LLC Has $68.89 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Dynamic Advisor Solutions LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.8% in the third quarter, Holdings Channel.com reports. The firm owned 160,105 shares of the software giant’s stock after selling 1,316 shares during the period. Microsoft makes up approximately 2.1% of Dynamic Advisor Solutions LLC’s holdings, making the stock its 4th largest holding. Dynamic Advisor Solutions LLC’s holdings in Microsoft were worth $68,893,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of MSFT. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock worth $281,035,506,000 after acquiring an additional 3,078,099 shares during the period. Capital International Investors lifted its holdings in shares of Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant’s stock worth $35,160,020,000 after acquiring an additional 842,884 shares during the period. Ameriprise Financial Inc. lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares during the period. Finally, Rhumbline Advisers lifted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock worth $6,587,576,000 after acquiring an additional 45,220 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In related news, CEO Satya Nadella sold 78,353 shares of Microsoft stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of $408.63, for a total transaction of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company’s stock, valued at $353,189,942.01. This trade represents a 8.31 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Amy Hood sold 38,000 shares of Microsoft stock in a transaction that occurred on Thursday, September 5th. The stock was sold at an average price of $410.55, for a total transaction of $15,600,900.00. Following the transaction, the chief financial officer now directly owns 496,369 shares in the company, valued at $203,784,292.95. The trade was a 7.11 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 183,431 shares of company stock worth $74,956,968 in the last quarter. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on MSFT. TD Cowen reduced their price objective on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a report on Tuesday. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research report on Thursday, October 10th. Wells Fargo & Company reiterated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Up 1.0 %

Shares of NASDAQ:MSFT opened at $417.00 on Friday. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35. The company has a 50 day moving average of $421.94 and a 200-day moving average of $426.07. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market cap of $3.10 trillion, a price-to-earnings ratio of 34.41, a P/E/G ratio of 2.21 and a beta of 0.91.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter in the previous year, the company earned $2.99 EPS. Microsoft’s revenue was up 16.0% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 12.94 earnings per share for the current year.

Microsoft declared that its board has authorized a stock repurchase program on Monday, September 16th that permits the company to buyback $60.00 billion in outstanding shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.80%. Microsoft’s payout ratio is currently 24.75%.

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.