Threadgill Financial LLC Raises Position in Microsoft Co. (NASDAQ:MSFT)

Threadgill Financial LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 28.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,537 shares of the software giant’s stock after purchasing an additional 345 shares during the period. Threadgill Financial LLC’s holdings in Microsoft were worth $661,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Kure Advisory LLC lifted its holdings in shares of Microsoft by 2.1% during the 3rd quarter. Kure Advisory LLC now owns 1,728 shares of the software giant’s stock valued at $744,000 after buying an additional 36 shares during the period. Marathon Strategic Advisors LLC lifted its position in Microsoft by 14.2% during the third quarter. Marathon Strategic Advisors LLC now owns 1,357 shares of the software giant’s stock valued at $584,000 after purchasing an additional 169 shares during the last quarter. Hurlow Wealth Management Group Inc. lifted its stake in shares of Microsoft by 0.3% in the 3rd quarter. Hurlow Wealth Management Group Inc. now owns 26,503 shares of the software giant’s stock valued at $11,404,000 after purchasing an additional 70 shares during the last quarter. IMZ Advisory Inc boosted its stake in shares of Microsoft by 4.6% during the 3rd quarter. IMZ Advisory Inc now owns 5,175 shares of the software giant’s stock worth $2,153,000 after purchasing an additional 227 shares during the period. Finally, Foresight Capital Management Advisors Inc. boosted its stake in shares of Microsoft by 3.5% during the third quarter. Foresight Capital Management Advisors Inc. now owns 7,912 shares of the software giant’s stock valued at $3,404,000 after purchasing an additional 264 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the sale, the chief marketing officer now directly owns 50,000 shares in the company, valued at $20,552,000. This trade represents a 4.76 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction 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 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. This trade represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 183,431 shares of company stock valued at $74,956,968. Insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.1 %

NASDAQ MSFT opened at $414.17 on Friday. 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 stock has a market capitalization of $3.08 trillion, a P/E ratio of 34.17, a PEG ratio of 2.21 and a beta of 0.91. The firm’s 50-day moving average is $422.21 and its two-hundred day moving average is $426.05. Microsoft Co. has a 12 month low of $362.90 and a 12 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 (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.99 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 12.94 earnings per share for the current year.

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

Microsoft Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 12th. Stockholders of record on Thursday, November 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, November 21st. This is an increase from Microsoft’s previous quarterly dividend of $0.75. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s payout ratio is currently 24.75%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSFT shares. 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. Citigroup decreased their price objective on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. UBS Group reduced their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. Finally, Piper Sandler reissued an “overweight” rating and issued a $470.00 price objective on shares of Microsoft in a report on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $503.03.

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.