Tevis Investment Management Has $2.55 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Tevis Investment Management boosted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 11.0% in the 4th quarter, HoldingsChannel reports. The firm owned 6,774 shares of the software giant’s stock after buying an additional 674 shares during the period. Microsoft accounts for about 2.3% of Tevis Investment Management’s investment portfolio, making the stock its 10th largest holding. Tevis Investment Management’s holdings in Microsoft were worth $2,547,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Monumental Financial Group Inc. bought a new position in Microsoft during the 1st quarter valued at about $28,000. Atlantic Private Wealth LLC raised its stake 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 acquiring an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new position in shares of Microsoft in the second quarter worth about $601,000. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft in the third quarter worth about $69,000. Finally, Iron Horse Wealth Management LLC raised its stake 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 acquiring an additional 105 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock opened at $413.64 on Tuesday. The company’s fifty day simple moving average is $415.35 and its 200-day simple moving average is $383.26. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The firm has a market cap of $3.07 trillion, a PE ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89. Microsoft Co. has a 12 month low of $275.37 and a 12 month high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 earnings per share. Equities research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is presently 27.12%.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction 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 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Macquarie boosted their target price on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their target price on shares of Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Morgan Stanley boosted their target price on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Jefferies Financial Group lifted their price target on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Finally, Piper Sandler reiterated an “overweight” rating and set a $455.00 price target on shares of Microsoft in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus price target of $430.52.

Microsoft Profile

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.