Certuity LLC Has $15.99 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Certuity LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 42.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 42,519 shares of the software giant’s stock after purchasing an additional 12,591 shares during the quarter. Microsoft accounts for 1.6% of Certuity LLC’s investment portfolio, making the stock its 17th largest holding. Certuity LLC’s holdings in Microsoft were worth $15,989,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Financial Security Advisor Inc. raised its position in Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares during the last quarter. Gunderson Capital Management Inc. raised its position in Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its position in 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 buying an additional 1,067 shares during the last quarter. RNC Capital Management LLC raised its position in Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after buying an additional 6,484 shares during the last quarter. Finally, Clarity Financial LLC raised its position in Microsoft by 4.9% in the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after buying an additional 2,681 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently commented on MSFT shares. Truist Financial reissued a “buy” rating and issued a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Citigroup reduced their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. Macquarie upped their price objective on Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. 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 note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $457.91.

Check Out Our Latest Analysis on MSFT

Insider Buying and Selling

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 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 directly 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 hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was 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 owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $415.13 on Friday. The stock has a market cap of $3.09 trillion, a price-to-earnings ratio of 35.94, a P/E/G ratio of 2.19 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. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $433.60. The stock’s 50-day moving average is $416.30 and its 200 day moving average is $400.95.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data 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 analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% 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 period last year, the firm posted $2.45 EPS. On average, sell-side analysts anticipate that Microsoft Co. will post 11.77 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. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s payout ratio is 25.97%.

About Microsoft

(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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