Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Cross Staff Investments Inc

Cross Staff Investments Inc raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 9.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,740 shares of the software giant’s stock after purchasing an additional 878 shares during the period. Microsoft accounts for approximately 3.2% of Cross Staff Investments Inc’s holdings, making the stock its 7th biggest holding. Cross Staff Investments Inc’s holdings in Microsoft were worth $3,663,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Financial Security Advisor Inc. boosted its stake in Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after acquiring an additional 452 shares during the last quarter. Gunderson Capital Management Inc. raised its position in shares of Microsoft by 0.7% during the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after acquiring an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the period. RNC Capital Management LLC boosted its position in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Bensler LLC grew its stake in shares of Microsoft by 3.2% during the third quarter. Bensler LLC now owns 86,932 shares of the software giant’s stock worth $27,449,000 after purchasing an additional 2,674 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Raymond James restated an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. Evercore ISI increased their target price on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, Piper Sandler restated an “overweight” rating and issued a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $454.70.

Read Our Latest Report on Microsoft

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’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 completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $430.16 on Monday. The firm has a market capitalization of $3.20 trillion, a P/E ratio of 37.24, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The firm’s fifty day moving average price is $416.36 and its two-hundred day moving average price is $399.18. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) 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 analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.45 EPS. As a group, research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The firm 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 $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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