Intergy Private Wealth LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Intergy Private Wealth LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 2,496 shares of the software giant’s stock after purchasing an additional 154 shares during the quarter. Intergy Private Wealth LLC’s holdings in Microsoft were worth $1,074,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Aaron Wealth Advisors LLC grew its holdings in Microsoft by 11.0% during the third quarter. Aaron Wealth Advisors LLC now owns 59,389 shares of the software giant’s stock worth $25,555,000 after acquiring an additional 5,896 shares during the period. Stonegate Investment Group LLC increased its holdings in shares of Microsoft by 1.3% during the 3rd quarter. Stonegate Investment Group LLC now owns 441,259 shares of the software giant’s stock valued at $189,874,000 after purchasing an additional 5,498 shares in the last quarter. M3 Advisory Group LLC lifted its stake in shares of Microsoft by 12.4% in the 3rd quarter. M3 Advisory Group LLC now owns 6,122 shares of the software giant’s stock valued at $2,634,000 after purchasing an additional 675 shares during the period. Sloy Dahl & Holst LLC grew its position in Microsoft by 5.2% during the third quarter. Sloy Dahl & Holst LLC now owns 13,784 shares of the software giant’s stock valued at $5,931,000 after buying an additional 687 shares during the period. Finally, Fusion Family Wealth LLC increased its holdings in Microsoft by 35.6% in the third quarter. Fusion Family Wealth LLC now owns 891 shares of the software giant’s stock valued at $383,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ:MSFT opened at $446.02 on Tuesday. The company’s 50-day moving average is $421.78 and its two-hundred day moving average is $427.11. Microsoft Co. has a 1-year low of $364.13 and a 1-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 firm has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 36.80, a PEG ratio of 2.35 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm’s quarterly revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its Board of Directors has initiated a stock buyback program on Monday, September 16th that allows the company to buyback $60.00 billion in outstanding shares. This buyback authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 27.39%.

Insider Activity at Microsoft

In other news, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 38,700 shares of company stock worth $16,265,367. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Tuesday, November 5th. DA Davidson lowered Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a report on Monday, September 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. BMO Capital Markets dropped their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. Finally, The Goldman Sachs Group reduced their price objective 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. Two equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $504.36.

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.