Rappaport Reiches Capital Management LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Rappaport Reiches Capital Management LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 14.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,213 shares of the software giant’s stock after purchasing an additional 1,067 shares during the period. Microsoft comprises 1.1% of Rappaport Reiches Capital Management LLC’s investment portfolio, making the stock its 18th largest position. Rappaport Reiches Capital Management LLC’s holdings in Microsoft were worth $3,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% in the 3rd 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 during the period. Authentikos Wealth Advisory LLC purchased a new stake in Microsoft in the third quarter worth $87,000. Cordant Inc. boosted its holdings in Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares in the last quarter. Family CFO Inc increased its position 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 purchasing an additional 43 shares during the period. Finally, Life Planning Partners Inc bought a new position in Microsoft in the 4th quarter worth $146,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $406.32 on Monday. The firm has a market cap of $3.02 trillion, a PE ratio of 35.18, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1-year low of $295.25 and a 1-year high of $430.82. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a fifty day simple moving average of $414.48 and a two-hundred day simple moving average of $388.51.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.45 earnings per share. On average, equities analysts anticipate that Microsoft Co. will post 11.71 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction on Friday, February 2nd. The shares were 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 approximately $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bradford L. Smith sold 45,000 shares of the firm’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 transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets lifted their target price on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Citigroup cut their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. Barclays lifted their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Morgan Stanley increased their price objective on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

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.