SignalPoint Asset Management LLC Has $30.58 Million Position in Microsoft Co. (NASDAQ:MSFT)

SignalPoint Asset Management LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 398.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,438 shares of the software giant's stock after purchasing an additional 57,093 shares during the period. Microsoft makes up 7.1% of SignalPoint Asset Management LLC's holdings, making the stock its 3rd largest position. SignalPoint Asset Management LLC's holdings in Microsoft were worth $30,577,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Hoffman Alan N Investment Management boosted its holdings in Microsoft by 0.3% in the 3rd quarter. Hoffman Alan N Investment Management now owns 77,217 shares of the software giant's stock worth $33,226,000 after buying an additional 217 shares during the last quarter. Value Partners Investments Inc. boosted its holdings in Microsoft by 1.9% in the 3rd quarter. Value Partners Investments Inc. now owns 51,719 shares of the software giant's stock valued at $22,255,000 after purchasing an additional 977 shares during the last quarter. Miracle Mile Advisors LLC grew its position in Microsoft by 1.3% in the third quarter. Miracle Mile Advisors LLC now owns 306,024 shares of the software giant's stock worth $131,682,000 after acquiring an additional 3,802 shares during the period. Eagle Rock Investment Company LLC increased its position in shares of Microsoft by 13.0% during the 3rd quarter. Eagle Rock Investment Company LLC now owns 42,556 shares of the software giant's stock worth $18,312,000 after purchasing an additional 4,895 shares during the last quarter. Finally, Consilio Wealth Advisors LLC raised its stake in shares of Microsoft by 3.4% in the 3rd quarter. Consilio Wealth Advisors LLC now owns 51,388 shares of the software giant's stock valued at $22,111,000 after acquiring an additional 1,709 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. The Goldman Sachs Group decreased their price objective on Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. TD Cowen cut their price objective on shares of Microsoft from $495.00 to $475.00 and set a "buy" rating for the company in a research report on Thursday, October 31st. JPMorgan Chase & Co. reduced their price objective on shares of Microsoft from $470.00 to $465.00 and set an "overweight" rating for the company in a research note on Thursday, October 31st. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an "outperform" rating for the company in a research report on Thursday, October 31st. Finally, Sanford C. Bernstein reduced their price objective on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating on the stock in a research note on Friday, October 25th. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $503.03.

Microsoft Stock Down 0.1 %

Shares of NASDAQ:MSFT opened at $414.17 on Friday. Microsoft Co. has a 1-year low of $362.90 and a 1-year high of $468.35. The company's fifty day moving average is $422.21 and its two-hundred day moving average is $426.05. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The stock has a market capitalization of $3.08 trillion, a price-to-earnings ratio of 34.17, a price-to-earnings-growth ratio of 2.21 and a beta of 0.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping analysts' consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the firm earned $2.99 EPS. The business's revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts anticipate that Microsoft Co. will post 12.94 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, November 21st. This is a positive change from Microsoft's previous quarterly dividend of $0.75. Microsoft's dividend payout ratio is 24.75%.

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 purchase up to 1.9% of its stock through open market purchases. Stock buyback programs are generally an indication that the company's management believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO Satya Nadella sold 78,353 shares of the company's stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $408.63, for a total value of $32,017,386.39. Following the transaction, the chief executive officer now owns 864,327 shares of the company's stock, valued at approximately $353,189,942.01. This represents a 8.31 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Christopher David Young sold 7,200 shares of the company's stock in a transaction on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now owns 103,366 shares of the company's stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 183,431 shares of company stock worth $74,956,968 in the last 90 days. 0.03% of the stock is owned by company insiders.

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.