Microsoft Co. (NASDAQ:MSFT) is Waycross Partners LLC’s 2nd Largest Position

Waycross Partners LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 74.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 52,952 shares of the software giant’s stock after acquiring an additional 22,569 shares during the quarter. Microsoft accounts for 4.6% of Waycross Partners LLC’s investment portfolio, making the stock its 2nd biggest position. Waycross Partners LLC’s holdings in Microsoft were worth $12,699,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sentinel Pension Advisors Inc. lifted its holdings in Microsoft by 1.1% in the fourth quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock worth $898,000 after purchasing an additional 39 shares during the period. Rovin Capital UT ADV raised its holdings in Microsoft by 1.1% during the third quarter. Rovin Capital UT ADV now owns 3,747 shares of the software giant’s stock worth $873,000 after purchasing an additional 40 shares in the last quarter. Lokken Investment Group LLC raised its holdings in Microsoft by 0.3% during the second quarter. Lokken Investment Group LLC now owns 11,976 shares of the software giant’s stock worth $3,076,000 after purchasing an additional 41 shares in the last quarter. Denver Wealth Management Inc. raised its holdings in Microsoft by 3.1% during the fourth quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock worth $323,000 after purchasing an additional 41 shares in the last quarter. Finally, Daniels&Tansey LLP raised its holdings in Microsoft by 2.8% during the fourth quarter. Daniels&Tansey LLP now owns 1,488 shares of the software giant’s stock worth $357,000 after purchasing an additional 41 shares in the last quarter. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Thursday, May 18th. The shares were sold at an average price of $316.87, for a total transaction of $1,584,350.00. Following the transaction, the chief marketing officer now owns 89,328 shares in the company, valued at approximately $28,305,363.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The disclosure for this sale can be found here. Insiders sold 54,848 shares of company stock worth $16,635,227 over the last ninety days. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on MSFT shares. TD Cowen boosted their target price on Microsoft from $300.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. The Goldman Sachs Group lifted their target price on Microsoft from $325.00 to $335.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Barclays raised their target price on shares of Microsoft from $310.00 to $336.00 and gave the stock an “overweight” rating in a report on Wednesday, April 26th. Wolfe Research raised their target price on shares of Microsoft from $330.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. Finally, Oppenheimer raised their target price on shares of Microsoft from $310.00 to $330.00 and gave the stock an “outperform” rating in a report on Wednesday, April 26th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

Microsoft Trading Up 0.9 %

Shares of MSFT stock opened at $321.18 on Tuesday. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $322.59. The company has a quick ratio of 1.88, a current ratio of 1.91 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $292.21 and its two-hundred day moving average is $262.43. The company has a market cap of $2.39 trillion, a PE ratio of 34.80, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company had revenue of $52.86 billion for the quarter, compared to the consensus estimate of $51.01 billion. During the same quarter last year, the company posted $2.22 earnings per share. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. Equities analysts predict that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 29.47%.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.