Invesco LLC Has $5.63 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Invesco LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 1.7% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,087 shares of the software giant’s stock after selling 226 shares during the quarter. Microsoft comprises approximately 2.2% of Invesco LLC’s holdings, making the stock its 8th largest position. Invesco LLC’s holdings in Microsoft were worth $5,631,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in Microsoft by 48,526.1% in the third quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after acquiring an additional 38,422,466 shares in the last quarter. Wulff Hansen & CO. raised its position in shares of Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after purchasing an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. boosted its stake in Microsoft by 67.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock worth $2,566,250,000 after purchasing an additional 2,404,348 shares in the last quarter. AustralianSuper Pty Ltd boosted its stake in Microsoft by 56.9% in the 3rd quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock worth $2,299,767,000 after purchasing an additional 1,938,304 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its position in Microsoft by 31,648.5% during the 2nd quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after purchasing an additional 1,865,996 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of Microsoft stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.7 %

MSFT stock opened at $418.58 on Friday. The business’s 50-day moving average price is $428.83 and its 200-day moving average price is $428.45. The stock has a market cap of $3.11 trillion, a P/E ratio of 34.54, a PEG ratio of 2.37 and a beta of 0.90. 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 twelve month low of $366.50 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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. The business had revenue of $65.59 billion for 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 revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.99 earnings per share. On average, equities research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft declared that its Board of Directors has authorized a share buyback plan on Monday, September 16th that permits the company to buyback $60.00 billion in shares. This buyback authorization permits the software giant to reacquire up to 1.9% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.79%. Microsoft’s payout ratio is presently 27.39%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on MSFT shares. KeyCorp upped their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Citigroup lowered their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research report on Wednesday, October 23rd. Oppenheimer downgraded Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. BMO Capital Markets decreased their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $470.00 price objective on shares of Microsoft in a research report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $509.90.

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.