Financial Futures Ltd Liability Co. Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

Financial Futures Ltd Liability Co. purchased a new position in Microsoft Co. (NASDAQ:MSFT) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 1,419 shares of the software giant’s stock, valued at approximately $634,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. New Harbor Financial Group LLC lifted its position in Microsoft by 55.9% in the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares during the period. True Link Financial Advisors LLC raised its stake in shares of Microsoft by 296.7% in the 1st quarter. True Link Financial Advisors LLC now owns 3,027 shares of the software giant’s stock valued at $1,274,000 after buying an additional 2,264 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of Microsoft by 19.0% during the 2nd quarter. AMG National Trust Bank now owns 81,502 shares of the software giant’s stock worth $36,427,000 after acquiring an additional 12,994 shares during the period. Spinnaker Investment Group LLC boosted its position in shares of Microsoft by 2.7% during the 1st quarter. Spinnaker Investment Group LLC now owns 12,521 shares of the software giant’s stock valued at $5,268,000 after acquiring an additional 326 shares in the last quarter. Finally, Leeward Financial Partners LLC increased its stake in Microsoft by 15.8% in the first quarter. Leeward Financial Partners LLC now owns 35,610 shares of the software giant’s stock valued at $14,982,000 after acquiring an additional 4,861 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

Shares of NASDAQ:MSFT opened at $424.73 on Friday. The company has a 50 day moving average of $420.33 and a 200-day moving average of $424.56. Microsoft Co. has a one year low of $326.94 and a one year high of $468.35. The stock has a market cap of $3.16 trillion, a price-to-earnings ratio of 36.77, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.27.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analyst estimates of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The business’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.69 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 13.02 earnings per share for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Shareholders of record on Thursday, November 21st will be paid a $0.83 dividend. This is a positive change from Microsoft’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.78%. Microsoft’s dividend payout ratio is presently 28.74%.

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

Analyst Ratings Changes

A number of research analysts have commented on MSFT shares. TD Cowen raised their price target on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research note on Thursday, July 18th. Bank of America raised their target price on Microsoft from $480.00 to $510.00 and gave the stock a “buy” rating in a research report on Wednesday, July 17th. Argus upped their price target on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. Mizuho lifted their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a report on Tuesday, July 16th. Finally, DA Davidson lowered shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 target price on the stock. in a report on Monday, September 23rd. One analyst has rated the stock with a sell rating, three have given a hold rating and twenty-eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $495.58.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 40,000 shares of the stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of $402.59, for a total value of $16,103,600.00. Following the sale, the insider now directly owns 544,847 shares in the company, valued at $219,349,953.73. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 40,000 shares of the company’s stock in a transaction on Monday, September 9th. The shares were sold at an average price of $402.59, for a total transaction of $16,103,600.00. Following the completion of the sale, the insider now owns 544,847 shares of the company’s stock, valued at approximately $219,349,953.73. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 190,629 shares of company stock worth $77,916,485. Insiders own 0.03% of the company’s stock.

Microsoft Company 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.