Microsoft Co. (NASDAQ:MSFT) is Veracity Capital LLC’s 6th Largest Position

Veracity Capital LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 5.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,612 shares of the software giant’s stock after acquiring an additional 810 shares during the quarter. Microsoft accounts for 2.4% of Veracity Capital LLC’s portfolio, making the stock its 6th biggest holding. Veracity Capital LLC’s holdings in Microsoft were worth $5,871,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Monumental Financial Group Inc. bought a new stake in Microsoft during the 1st quarter valued at $28,000. Atlantic Private Wealth LLC raised its position in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares in the last quarter. Hibernia Wealth Partners LLC bought a new stake in Microsoft during the 3rd quarter valued at $69,000. Iron Horse Wealth Management LLC raised its position in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new stake in Microsoft during the 4th quarter valued at $83,000. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research analyst reports. Royal Bank of Canada lifted their target price on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets boosted their price target on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Citigroup reduced their price target on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.13.

Microsoft Stock Down 1.3 %

Shares of MSFT opened at $399.12 on Friday. The company has a market capitalization of $2.97 trillion, a price-to-earnings ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. The stock’s 50-day moving average price is $414.86 and its 200-day moving average price is $384.83. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 earnings per share. On average, sell-side analysts predict that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm 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. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. Microsoft’s dividend payout ratio is currently 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.