Microsoft Co. (NASDAQ:MSFT) Shares Bought by Accurate Wealth Management LLC

Accurate Wealth Management LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.8% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 23,198 shares of the software giant’s stock after acquiring an additional 1,686 shares during the quarter. Microsoft comprises 1.9% of Accurate Wealth Management LLC’s investment portfolio, making the stock its 5th biggest position. Accurate Wealth Management LLC’s holdings in Microsoft were worth $9,714,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares in the last quarter. China Universal Asset Management Co. Ltd. grew its holdings in shares of Microsoft by 62.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 113,168 shares of the software giant’s stock valued at $47,612,000 after purchasing an additional 43,327 shares during the last quarter. Quent Capital LLC increased its position in Microsoft by 4.3% during the 1st quarter. Quent Capital LLC now owns 35,888 shares of the software giant’s stock worth $15,099,000 after purchasing an additional 1,467 shares in the last quarter. Spirepoint Private Client LLC bought a new position in Microsoft in the 1st quarter valued at approximately $27,126,000. Finally, Viawealth LLC boosted its position in Microsoft by 0.7% in the first quarter. Viawealth LLC now owns 14,936 shares of the software giant’s stock valued at $6,284,000 after buying an additional 106 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the company’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 value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, 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. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.6 %

MSFT stock opened at $443.33 on Wednesday. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 52 week low of $364.13 and a 52 week high of $468.35. The company has a market cap of $3.30 trillion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.35 and a beta of 0.90. The business has a fifty day simple moving average of $421.78 and a 200-day simple moving average of $427.11.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating 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 company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 earnings per share. The company’s revenue was up 16.0% on a year-over-year basis. On average, equities research analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has initiated a stock buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 27.39%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research report on Tuesday, October 8th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Piper Sandler reissued an “overweight” rating and set a $470.00 target price on shares of Microsoft in a report on Thursday, October 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Finally, DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research note on Monday, September 23rd. Two equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus 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.