Silver Oak Securities Incorporated Acquires 4,153 Shares of Microsoft Co. (NASDAQ:MSFT)

Silver Oak Securities Incorporated grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 26.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,790 shares of the software giant's stock after acquiring an additional 4,153 shares during the quarter. Microsoft accounts for about 0.9% of Silver Oak Securities Incorporated's holdings, making the stock its 24th largest position. Silver Oak Securities Incorporated's holdings in Microsoft were worth $8,386,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Merkkuri Wealth Advisors LLC boosted its position in shares of Microsoft by 13.8% during the 3rd quarter. Merkkuri Wealth Advisors LLC now owns 2,233 shares of the software giant's stock valued at $961,000 after acquiring an additional 270 shares in the last quarter. Cross Staff Investments Inc grew its stake in shares of Microsoft by 2.5% in the 3rd quarter. Cross Staff Investments Inc now owns 9,405 shares of the software giant's stock valued at $4,047,000 after purchasing an additional 228 shares during the period. E. Ohman J or Asset Management AB lifted its position in shares of Microsoft by 0.9% during the 3rd quarter. E. Ohman J or Asset Management AB now owns 862,097 shares of the software giant's stock worth $370,960,000 after buying an additional 7,801 shares during the period. Bull Oak Capital LLC boosted its stake in Microsoft by 22.4% in the 3rd quarter. Bull Oak Capital LLC now owns 1,277 shares of the software giant's stock valued at $549,000 after buying an additional 234 shares in the last quarter. Finally, Chico Wealth RIA grew its position in Microsoft by 12.5% in the third quarter. Chico Wealth RIA now owns 2,328 shares of the software giant's stock valued at $1,002,000 after acquiring an additional 258 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. DA Davidson downgraded shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 target price on the stock. in a research note on Monday, September 23rd. StockNews.com cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Friday. Oppenheimer cut Microsoft from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 8th. BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an "outperform" rating on the stock in a report on Thursday, October 31st. Finally, UBS Group lifted their price target on Microsoft from $500.00 to $525.00 and gave the company a "buy" rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $508.46.

Microsoft Trading Down 0.1 %

Shares of MSFT stock traded down $0.43 on Friday, reaching $436.60. The company had a trading volume of 54,224,020 shares, compared to its average volume of 20,730,301. The company has a 50-day moving average of $427.02 and a 200-day moving average of $428.42. Microsoft Co. has a 12 month low of $366.50 and a 12 month high of $468.35. The stock has a market cap of $3.25 trillion, a PE ratio of 36.02, a PEG ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate 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 last year, the business posted $2.99 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 12.93 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.76%. Microsoft's dividend payout ratio is presently 27.39%.

Microsoft announced that its Board of Directors has initiated a share buyback plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its shares are undervalued.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the sale, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 41,200 shares of company stock valued at $17,383,892. Company 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.