Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by Congress Park Capital LLC

Congress Park Capital LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 23,669 shares of the software giant’s stock after acquiring an additional 1,373 shares during the period. Microsoft accounts for about 4.3% of Congress Park Capital LLC’s holdings, making the stock its 4th biggest holding. Congress Park Capital LLC’s holdings in Microsoft were worth $8,900,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. MBA Advisors LLC lifted its position in shares of Microsoft by 2.6% during the 4th quarter. MBA Advisors LLC now owns 9,603 shares of the software giant’s stock valued at $3,611,000 after buying an additional 246 shares in the last quarter. Alliance Wealth Management Group acquired a new position in Microsoft in the 4th quarter valued at $1,698,000. Sicart Associates LLC raised its stake in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the last quarter. Dechtman Wealth Management LLC raised its stake in Microsoft by 5.8% in the 4th quarter. Dechtman Wealth Management LLC now owns 8,741 shares of the software giant’s stock valued at $3,287,000 after purchasing an additional 482 shares during the last quarter. Finally, Blackhawk Capital Partners LLC. raised its stake in Microsoft by 0.6% in the 4th quarter. Blackhawk Capital Partners LLC. now owns 10,844 shares of the software giant’s stock valued at $4,078,000 after purchasing an additional 67 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on MSFT. Barclays increased their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Wells Fargo & Company increased their price objective on Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research note on Wednesday. Macquarie increased their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. KeyCorp began coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $431.03.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Performance

Shares of MSFT opened at $411.84 on Thursday. The stock has a 50-day simple moving average of $415.48 and a 200-day simple moving average of $384.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market capitalization of $3.06 trillion, a PE ratio of 37.24, a PEG ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the business posted $2.32 EPS. On average, analysts predict that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

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.