Microsoft Co. (NASDAQ:MSFT) Shares Acquired by North Point Portfolio Managers Corp OH

North Point Portfolio Managers Corp OH raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,844 shares of the software giant’s stock after acquiring an additional 447 shares during the quarter. North Point Portfolio Managers Corp OH’s holdings in Microsoft were worth $1,821,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter worth approximately $69,000. Iron Horse Wealth Management LLC lifted its position in Microsoft by 89.0% during 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. Authentikos Wealth Advisory LLC purchased a new position in Microsoft during the third quarter worth approximately $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares in the last quarter. Finally, Cordant Inc. lifted its position in Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on MSFT shares. Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. Wells Fargo & Company lifted their price target on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a research report on Wednesday, April 17th. BMO Capital Markets lifted their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 price target on shares of Microsoft in a research report on Monday. Four investment analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $434.05.

Insider Activity

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 value of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related 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 transaction, 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 filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction dated 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 directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $409.06 on Thursday. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The stock has a market cap of $3.04 trillion, a PE ratio of 36.99, a price-to-earnings-growth ratio of 2.17 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. The firm has a fifty day moving average price of $414.59 and a 200 day moving average price of $387.09.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating 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 business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the prior year, the company earned $2.32 earnings per share. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

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

Microsoft Company 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.