Visionary Horizons LLC Invests $1.31 Million in Microsoft Co. (NASDAQ:MSFT)

Visionary Horizons LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 3,494 shares of the software giant’s stock, valued at approximately $1,314,000. Microsoft accounts for approximately 1.1% of Visionary Horizons LLC’s holdings, making the stock its 13th biggest position.

Several other large investors have also made changes to their positions in the business. Hibernia Wealth Partners LLC purchased a new stake in shares of Microsoft during the third quarter worth approximately $69,000. Iron Horse Wealth Management LLC increased its position in shares of 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 purchasing an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Microsoft during the third quarter worth approximately $87,000. Cordant Inc. increased its position in shares of Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares in the last quarter. Finally, Family CFO Inc increased its position in shares of 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 purchasing an additional 43 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSFT. BMO Capital Markets upped their target price on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Wells Fargo & Company upped their target price on Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a report on Thursday, January 25th. Finally, BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price for the company in a report on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $434.05.

Microsoft Trading Down 2.4 %

MSFT opened at $399.04 on Friday. Microsoft Co. has a one year low of $292.73 and a one year high of $430.82. The company has a market cap of $2.97 trillion, a P/E ratio of 36.08, a PEG ratio of 2.20 and a beta of 0.89. 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 business’s 50-day simple moving average is $414.44 and its 200-day simple moving average is $387.17.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The business 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%. The business’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 EPS. As a group, equities research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid 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 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.