Clear Creek Financial Management LLC Raises Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Clear Creek Financial Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 27,635 shares of the software giant’s stock after purchasing an additional 520 shares during the quarter. Microsoft comprises 1.6% of Clear Creek Financial Management LLC’s portfolio, making the stock its 10th biggest holding. Clear Creek Financial Management LLC’s holdings in Microsoft were worth $10,389,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Hibernia Wealth Partners LLC bought a new stake in Microsoft during the 3rd quarter valued at approximately $69,000. Iron Horse Wealth Management LLC grew its holdings 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 buying an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Microsoft during the 3rd quarter valued at approximately $87,000. Family CFO Inc grew its holdings in Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after buying an additional 43 shares in the last quarter. Finally, Cordant Inc. grew its holdings in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on MSFT. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Barclays raised 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. KeyCorp began coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Finally, Raymond James lifted their target price on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $434.05.

Microsoft Trading Down 2.4 %

Shares of NASDAQ MSFT opened at $399.04 on Friday. 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 business has a fifty day simple moving average of $414.44 and a two-hundred day simple moving average of $387.17. The firm has a market cap of $2.97 trillion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a twelve month low of $292.73 and a twelve month high of $430.82.

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

Microsoft Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction 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 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 disclosure for this sale can be found here. In the last three months, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.

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.