JDM Financial Group LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

JDM Financial Group LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 12.0% during the 3rd quarter, HoldingsChannel reports. The fund owned 784 shares of the software giant’s stock after acquiring an additional 84 shares during the quarter. JDM Financial Group LLC’s holdings in Microsoft were worth $337,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc increased its holdings in Microsoft by 35.7% in the third quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the last quarter. Quarry LP bought a new position in Microsoft during the 2nd quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Carolina Wealth Advisors LLC raised its position in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the second quarter worth $200,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $411.44 on Wednesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business’s 50-day moving average price is $431.07 and its 200 day moving average price is $423.29. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The firm has a market cap of $3.06 trillion, a P/E ratio of 33.13, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company posted $2.93 EPS. As a group, sell-side analysts predict that Microsoft Co. will post 13.07 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is currently 26.73%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on MSFT shares. KeyCorp boosted their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Piper Sandler reiterated an “overweight” rating and set a $520.00 price objective on shares of Microsoft in a research note on Monday, January 27th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Finally, Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Activity

In other news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total transaction of $414,720.00. Following the sale, the chief marketing officer now directly owns 57,511 shares of the company’s stock, valued at $23,850,961.92. The trade was a 1.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 34,000 shares of company stock worth $14,333,540. 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.