Teamwork Financial Advisors LLC Has $32.04 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Teamwork Financial Advisors LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 5.2% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 74,451 shares of the software giant’s stock after acquiring an additional 3,674 shares during the period. Microsoft accounts for about 4.4% of Teamwork Financial Advisors LLC’s portfolio, making the stock its 4th largest position. Teamwork Financial Advisors LLC’s holdings in Microsoft were worth $32,036,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc lifted its holdings in shares of Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft in the second quarter valued at $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter valued at about $75,000. Bellevue Group AG increased its position in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after acquiring an additional 58 shares in the last quarter. Finally, Bbjs Financial Advisors LLC raised its holdings in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after acquiring an additional 268 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Tuesday, December 3rd. JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Piper Sandler reiterated an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. Finally, Sanford C. Bernstein dropped their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $504.36.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,000 shares of the stock in a transaction on Wednesday, December 4th. The stock was sold at an average price of $437.32, for a total value of $874,640.00. Following the sale, the chief marketing officer now owns 51,852 shares in the company, valued at approximately $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.85, for a total value of $7,157,129.30. Following the transaction, the executive vice president now owns 150,161 shares of the company’s stock, valued at approximately $61,843,807.85. The trade was a 10.37 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 58,578 shares of company stock worth $24,450,096 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

Microsoft stock opened at $443.57 on Monday. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 36.60, a PEG ratio of 2.32 and a beta of 0.90. Microsoft Co. has a one year low of $364.13 and a one year high of $468.35. 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 business has a fifty day moving average price of $421.47 and a 200-day moving average price of $427.00.

Microsoft (NASDAQ:MSFT) last issued its 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 return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the company earned $2.99 EPS. The firm’s revenue was up 16.0% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Microsoft declared that its board has approved a share buyback program on Monday, September 16th that authorizes the company to repurchase $60.00 billion in shares. This repurchase authorization authorizes the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s board of directors believes its shares are undervalued.

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.