Microsoft Co. (NASDAQ:MSFT) is Addison Capital Co’s 8th Largest Position

Addison Capital Co grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,077 shares of the software giant’s stock after acquiring an additional 39 shares during the quarter. Microsoft comprises 3.0% of Addison Capital Co’s portfolio, making the stock its 8th largest holding. Addison Capital Co’s holdings in Microsoft were worth $7,348,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares during the period. Jacobs & Co. CA boosted its holdings in shares of Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares in the last quarter. New Harbor Financial Group LLC boosted its holdings in shares of Microsoft by 55.9% during the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares in the last quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd grew its position in shares of Microsoft by 10.9% in the 3rd quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock worth $45,737,000 after buying an additional 10,421 shares during the period. Finally, Walter Public Investments Inc. increased its stake in shares of Microsoft by 7.2% in the 3rd quarter. Walter Public Investments Inc. now owns 77,339 shares of the software giant’s stock worth $33,279,000 after acquiring an additional 5,174 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.6 %

NASDAQ:MSFT opened at $446.02 on Tuesday. Microsoft Co. has a 52 week low of $364.13 and a 52 week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The stock’s fifty day moving average is $421.78 and its two-hundred day moving average is $427.11. The stock has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 36.80, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted 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. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.99 earnings per share. Research analysts anticipate that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has authorized a share buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

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

Insider Buying and Selling

In other news, EVP Judson Althoff sold 25,000 shares of Microsoft 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 sale, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 38,700 shares of company stock worth $16,265,367. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of analyst reports. Piper Sandler reissued an “overweight” rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. BMO Capital Markets dropped their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. JPMorgan Chase & Co. cut their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $504.36.

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.