TTP Investments Inc. Acquires 1,721 Shares of Microsoft Co. (NASDAQ:MSFT)

TTP Investments Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,048 shares of the software giant's stock after purchasing an additional 1,721 shares during the period. Microsoft accounts for 3.1% of TTP Investments Inc.'s investment portfolio, making the stock its 8th biggest holding. TTP Investments Inc.'s holdings in Microsoft were worth $9,057,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Rebalance LLC raised its position in Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant's stock valued at $1,542,000 after purchasing an additional 24 shares in the last quarter. First National Bank Sioux Falls increased its stake in shares of Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant's stock valued at $2,834,000 after buying an additional 24 shares during the period. Doheny Asset Management CA raised its holdings in shares of Microsoft by 0.4% in the first quarter. Doheny Asset Management CA now owns 6,397 shares of the software giant's stock valued at $2,691,000 after acquiring an additional 25 shares in the last quarter. Flagship Private Wealth LLC lifted its stake in Microsoft by 2.8% in the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant's stock worth $408,000 after acquiring an additional 25 shares during the period. Finally, Massachusetts Wealth Management grew its holdings in Microsoft by 0.3% during the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant's stock worth $4,309,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an "outperform" rating for the company in a report on Friday, October 25th. Oppenheimer lowered Microsoft from an "outperform" rating to a "market perform" rating in a report on Tuesday, October 8th. The Goldman Sachs Group cut their price target on Microsoft from $515.00 to $500.00 and set a "buy" rating on the stock in a report on Thursday, October 10th. Citigroup decreased their price objective on Microsoft from $500.00 to $497.00 and set a "buy" rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $503.03.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares of the company's stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 2,500 shares of the firm's stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now directly owns 53,852 shares of the company's stock, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 134,578 shares of company stock worth $55,279,956 in the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $431.20 on Wednesday. The firm's fifty day moving average is $420.83 and its two-hundred day moving average is $426.70. The firm has a market cap of $3.21 trillion, a price-to-earnings ratio of 35.58, a PEG ratio of 2.29 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. Microsoft Co. has a one year low of $362.90 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The firm had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the company earned $2.99 earnings per share. Microsoft's revenue for the quarter was up 16.0% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced 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 annualized dividend and a dividend yield of 0.77%. Microsoft's payout ratio is currently 27.39%.

Microsoft declared that its board has approved a stock buyback plan on Monday, September 16th that allows the company to repurchase $60.00 billion in shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

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.