Legacy Investment Solutions LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Legacy Investment Solutions LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT) during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,095 shares of the software giant’s stock, valued at approximately $466,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP bought a new position in shares of Microsoft in the 2nd quarter valued at about $45,000. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Carolina Wealth Advisors LLC lifted its stake in Microsoft by 10.1% in the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after purchasing an additional 31 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft in the second quarter worth about $200,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In related news, 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 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 filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 34,000 shares of company stock worth $14,333,540. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Down 0.2 %

Shares of NASDAQ MSFT opened at $411.44 on Wednesday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The stock has a market cap of $3.06 trillion, a PE ratio of 33.13, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a 50-day moving average of $431.07 and a 200 day moving average of $423.29.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 business posted $2.93 earnings per share. As a group, sell-side analysts predict that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend 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%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. DA Davidson reaffirmed a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. UBS Group dropped their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, BMO Capital Markets decreased 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. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $510.96.

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.