Teamwork Financial Advisors LLC Has $32.04 Million Position in Microsoft Co. (NASDAQ:MSFT)

Teamwork Financial Advisors LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 74,451 shares of the software giant's stock after acquiring an additional 3,674 shares during the period. Microsoft comprises about 4.4% of Teamwork Financial Advisors LLC's investment portfolio, making the stock its 4th biggest holding. Teamwork Financial Advisors LLC's holdings in Microsoft were worth $32,036,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 0.5% during the first quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant's stock worth $281,035,506,000 after purchasing an additional 3,078,099 shares during the period. Capital International Investors grew its holdings in shares of Microsoft by 1.0% during the 1st quarter. Capital International Investors now owns 83,571,070 shares of the software giant's stock valued at $35,160,020,000 after acquiring an additional 842,884 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant's stock worth $15,426,767,000 after acquiring an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Microsoft by 6.9% during the second quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant's stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in Microsoft by 0.3% during the second quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant's stock valued at $6,587,576,000 after purchasing an additional 45,220 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. DA Davidson lowered shares of Microsoft from a "buy" rating to a "neutral" rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. Wells Fargo & Company reissued a "buy" rating on shares of Microsoft in a research report on Friday, October 18th. Piper Sandler reaffirmed an "overweight" rating and issued a $470.00 price target on shares of Microsoft in a research report on Thursday, October 31st. Royal Bank of Canada reissued an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. Finally, StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Tuesday, December 3rd. Two investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $504.36.

Microsoft Price Performance

Shares of Microsoft stock traded up $2.86 on Monday, reaching $446.43. 8,072,304 shares of the stock were exchanged, compared to its average volume of 20,513,129. Microsoft Co. has a one year low of $364.13 and a one year high of $468.35. The firm has a market cap of $3.32 trillion, a PE ratio of 36.61, a P/E/G ratio of 2.35 and a beta of 0.90. 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 firm's 50 day moving average is $421.47 and its 200-day moving average is $427.00.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly 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 return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to analysts' expectations of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 EPS. Microsoft's revenue was up 16.0% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date is Thursday, February 20th. Microsoft's payout ratio is 27.39%.

Microsoft announced that its Board of Directors has initiated a stock repurchase plan 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 shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Insider Activity

In other Microsoft news, CMO Takeshi Numoto sold 2,000 shares of the firm's stock in a transaction on Wednesday, December 4th. The shares were sold at an average price of $437.32, for a total value of $874,640.00. Following the transaction, the chief marketing officer now directly owns 51,852 shares of the company's stock, valued at approximately $22,675,916.64. This trade represents a 3.71 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value 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. Over the last 90 days, insiders sold 58,578 shares of company stock valued at $24,450,096. Insiders own 0.03% of the company's stock.

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.