Microsoft Co. (NASDAQ:MSFT) Holdings Lessened by Independent Investors Inc.

Independent Investors Inc. decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 54,628 shares of the software giant’s stock after selling 33 shares during the quarter. Microsoft accounts for about 4.7% of Independent Investors Inc.’s investment portfolio, making the stock its 2nd largest position. Independent Investors Inc.’s holdings in Microsoft were worth $20,542,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC lifted its holdings in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares in the last quarter. Hibernia Wealth Partners LLC purchased a new position in shares of Microsoft in the third quarter worth $69,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after buying an additional 105 shares in the last quarter. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft in the fourth quarter worth $83,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, 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 transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 0.9 %

NASDAQ:MSFT opened at $424.57 on Tuesday. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The company has a 50-day moving average of $411.26 and a 200 day moving average of $375.46. The firm has a market cap of $3.15 trillion, a PE ratio of 38.39, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. Macquarie boosted their target price on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Piper Sandler restated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research report on Thursday, January 25th. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research report on Thursday, January 18th. Argus boosted their price target on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. Finally, Wells Fargo & Company boosted their price target on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $425.52.

Read Our Latest Stock Analysis on Microsoft

Microsoft Company 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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