Eagle Capital Management LLC Has $9.05 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Eagle Capital Management LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 3.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 24,072 shares of the software giant’s stock after selling 805 shares during the period. Microsoft makes up approximately 4.4% of Eagle Capital Management LLC’s investment portfolio, making the stock its 7th largest holding. Eagle Capital Management LLC’s holdings in Microsoft were worth $9,052,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Iron Horse Wealth Management LLC boosted its stake in shares of Microsoft by 89.0% during 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 last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft during the third quarter valued at approximately $87,000. Family CFO Inc grew its stake in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares in the last quarter. Cordant Inc. increased its position in shares of Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after purchasing an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc bought a new stake in shares of Microsoft during the 4th quarter worth approximately $146,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on MSFT shares. Wedbush restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a report on Friday, April 26th. Jefferies Financial Group raised their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Wells Fargo & Company boosted their price target on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Royal Bank of Canada raised their price objective on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Activity at Microsoft

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction that occurred on 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 owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of MSFT stock opened at $413.54 on Tuesday. Microsoft Co. has a twelve month low of $306.09 and a twelve month high of $430.82. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $413.80 and a 200 day simple moving average of $391.46. The company has a market cap of $3.07 trillion, a P/E ratio of 35.80, a P/E/G ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company posted $2.45 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 11.76 EPS 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 issued a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

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.