Hutchens & Kramer Investment Management Group LLC Has $8.41 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Hutchens & Kramer Investment Management Group LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,357 shares of the software giant’s stock after selling 434 shares during the quarter. Microsoft makes up 5.9% of Hutchens & Kramer Investment Management Group LLC’s portfolio, making the stock its 3rd largest holding. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $8,407,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in MSFT. DGS Capital Management LLC lifted its holdings in shares of Microsoft by 19.9% during the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd lifted its holdings in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after acquiring an additional 196,338 shares during the period. Altus Wealth Group LLC raised its holdings in shares of Microsoft by 1.2% in the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC raised its holdings in shares of Microsoft by 16.2% in the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its holdings in shares of Microsoft by 8.2% in the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Shares of MSFT opened at $399.12 on Friday. 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 50 day simple moving average of $414.86 and a 200 day simple moving average of $384.83. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The firm has a market capitalization of $2.97 trillion, a PE ratio of 36.09, a P/E/G ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The firm had revenue of $62.02 billion for 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 in the previous year, the business posted $2.32 EPS. Sell-side analysts predict that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

A number of research analysts recently issued reports on MSFT shares. Royal Bank of Canada lifted their price target on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Barclays lifted their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Macquarie lifted their price target on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. DA Davidson reaffirmed a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Finally, Wells Fargo & Company lifted their price target on Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $432.13.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’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 sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

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.