Reliant Investment Management LLC Has $4.76 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Reliant Investment Management LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 631.7% during the 4th quarter, Holdings Channel reports. The institutional investor owned 12,659 shares of the software giant’s stock after purchasing an additional 10,929 shares during the quarter. Microsoft makes up 2.4% of Reliant Investment Management LLC’s holdings, making the stock its 21st largest position. Reliant Investment Management LLC’s holdings in Microsoft were worth $4,760,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Legacy Trust raised its stake in shares of Microsoft by 2.9% during the 4th quarter. Legacy Trust now owns 45,534 shares of the software giant’s stock worth $17,123,000 after purchasing an additional 1,285 shares in the last quarter. Jacobsen Capital Management lifted its stake in Microsoft by 0.4% in the fourth quarter. Jacobsen Capital Management now owns 12,515 shares of the software giant’s stock valued at $4,706,000 after acquiring an additional 52 shares during the last quarter. Arvest Trust Co. N A lifted its stake in Microsoft by 8.2% in the fourth quarter. Arvest Trust Co. N A now owns 11,923 shares of the software giant’s stock valued at $4,484,000 after acquiring an additional 908 shares during the last quarter. Highlander Capital Management LLC grew its position in Microsoft by 12.7% in the fourth quarter. Highlander Capital Management LLC now owns 33,521 shares of the software giant’s stock worth $12,605,000 after acquiring an additional 3,766 shares in the last quarter. Finally, Financial Security Advisor Inc. increased its stake in shares of Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 452 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on 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 transaction, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, 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 filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was 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 in the company, valued at approximately $231,823,855.12. 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. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $406.32 on Monday. Microsoft Co. has a 52 week low of $295.25 and a 52 week high of $430.82. The stock has a market capitalization of $3.02 trillion, a PE ratio of 35.18, 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 stock’s fifty day moving average is $414.48 and its 200-day moving average is $388.51.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 38.87%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.45 EPS. Equities research analysts expect that Microsoft Co. will post 11.71 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given 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 yield of 0.74%. Microsoft’s payout ratio is 25.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSFT. Wells Fargo & Company upped their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday. Barclays increased their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. KeyCorp initiated coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Finally, Morgan Stanley upped their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note 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. Based on data from MarketBeat.com, the company currently has an average 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.