NBZ Investment Advisors LLC Invests $1.24 Million in Microsoft Co. (NASDAQ:MSFT)

NBZ Investment Advisors LLC acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 2,940 shares of the software giant's stock, valued at approximately $1,239,000. Microsoft accounts for approximately 0.7% of NBZ Investment Advisors LLC's portfolio, making the stock its 20th biggest position.

Several other hedge funds have also modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. increased its stake in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Centric Wealth Management raised its holdings in Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock worth $6,789,000 after purchasing an additional 112 shares during the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Finally, Strategic Financial Services Inc. grew its position in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 0.8%

Shares of NASDAQ MSFT traded up $3.81 during midday trading on Thursday, reaching $467.68. 20,083,146 shares of the company's stock were exchanged, compared to its average volume of 21,471,689. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $469.58. The business's fifty day moving average price is $413.59 and its two-hundred day moving average price is $415.95. The stock has a market capitalization of $3.48 trillion, a PE ratio of 37.66, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the firm posted $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.71%. Microsoft's payout ratio is 25.66%.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts recently commented on MSFT shares. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Citigroup lifted their price target on shares of Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $513.13.

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.