Affiance Financial LLC Has $3.59 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Sep 24th, 2023

Affiance Financial LLC increased its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,549 shares of the software giant’s stock after purchasing an additional 187 shares during the period. Microsoft makes up 1.8% of Affiance Financial LLC’s holdings, making the stock its 13th largest position. Affiance Financial LLC’s holdings in Microsoft were worth $3,593,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Investment Solutions Inc. IL grew its holdings in Microsoft by 0.8% in the first quarter. Strategic Investment Solutions Inc. IL now owns 4,208 shares of the software giant’s stock worth $1,213,000 after purchasing an additional 32 shares during the period. Arbor Capital Management Inc. ADV grew its holdings in Microsoft by 0.5% in the first quarter. Arbor Capital Management Inc. ADV now owns 7,166 shares of the software giant’s stock worth $2,074,000 after purchasing an additional 33 shares during the period. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Microsoft by 1.3% in the first quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock worth $835,000 after purchasing an additional 36 shares during the period. Forbes Financial Planning Inc. grew its holdings in Microsoft by 2.0% in the first quarter. Forbes Financial Planning Inc. now owns 1,845 shares of the software giant’s stock worth $532,000 after purchasing an additional 36 shares during the period. Finally, Rede Wealth LLC grew its holdings in Microsoft by 0.4% in the first quarter. Rede Wealth LLC now owns 9,653 shares of the software giant’s stock worth $2,783,000 after purchasing an additional 37 shares during the period. 69.20% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT opened at $317.01 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75. The company’s fifty day moving average price is $330.61 and its 200-day moving average price is $315.53. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The firm has a market capitalization of $2.36 trillion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 2.35 and a beta of 0.90.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. The firm had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the previous year, the company posted $2.23 earnings per share. The company’s revenue was up 8.3% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 14th. Stockholders of record on Thursday, November 16th will be paid a $0.75 dividend. This is an increase from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date of this dividend is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.95%. Microsoft’s dividend payout ratio is presently 28.07%.

Analysts Set New Price Targets

A number of analysts have commented on the company. StockNews.com assumed coverage on Microsoft in a research report on Thursday, August 17th. They issued a “buy” rating for the company. Raymond James upped their price objective on Microsoft from $320.00 to $400.00 and gave the stock an “outperform” rating in a research note on Monday, July 24th. Oppenheimer reaffirmed an “outperform” rating and issued a $410.00 price objective on shares of Microsoft in a research note on Friday, July 28th. Wedbush reaffirmed an “outperform” rating and issued a $400.00 price objective on shares of Microsoft in a research note on Thursday. Finally, Wells Fargo & Company upped their price objective on Microsoft from $380.00 to $400.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 19th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $375.03.

View Our Latest Analysis on MSFT

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, CEO Satya Nadella sold 38,234 shares of the company’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $328.43, for a total value of $12,557,192.62. Following the completion of the transaction, the chief executive officer now owns 800,668 shares of the company’s stock, valued at approximately $262,963,391.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 115,049 shares of company stock worth $38,195,619. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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