Ridgewood Investments LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Ridgewood Investments LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,172 shares of the software giant’s stock after acquiring an additional 62 shares during the quarter. Microsoft comprises about 1.8% of Ridgewood Investments LLC’s portfolio, making the stock its 5th largest holding. Ridgewood Investments LLC’s holdings in Microsoft were worth $3,073,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the stock. Cadian Capital Management LP increased its position in Microsoft by 15.1% in the second quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock worth $36,438,000 after purchasing an additional 14,000 shares during the last quarter. Gunderson Capital Management Inc. raised its position in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after purchasing an additional 185 shares during the period. C M Bidwell & Associates Ltd. grew its stake in shares of Microsoft by 5.2% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,075 shares of the software giant’s stock valued at $1,728,000 after buying an additional 253 shares during the last quarter. Geneos Wealth Management Inc. boosted its holdings in Microsoft by 4.1% during the 3rd quarter. Geneos Wealth Management Inc. now owns 82,267 shares of the software giant’s stock valued at $25,976,000 after acquiring an additional 3,209 shares during the period. Finally, HS Management Partners LLC lifted its position in shares of Microsoft by 18.0% during the third quarter. HS Management Partners LLC now owns 298,208 shares of the software giant’s stock worth $94,159,000 after purchasing an additional 45,560 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.1 %

Shares of Microsoft stock opened at $421.43 on Thursday. Microsoft Co. has a twelve month low of $272.05 and a twelve month high of $430.82. The firm’s 50-day moving average price is $409.64 and its 200 day moving average price is $373.65. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.13 trillion, a PE ratio of 38.10, a P/E/G ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. During the same period last year, the company earned $2.32 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.71%. Microsoft’s payout ratio is 27.12%.

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 over the last quarter. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research analyst reports. Barclays lifted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Raymond James increased their price objective on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research report on Thursday, January 18th. Wells Fargo & Company increased their price objective on Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Finally, Truist Financial reaffirmed a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $423.34.

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About Microsoft

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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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