Stonebridge Financial Planning Group LLC Acquires 874 Shares of Microsoft Co. (NASDAQ:MSFT)

Stonebridge Financial Planning Group LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 30.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,774 shares of the software giant’s stock after acquiring an additional 874 shares during the quarter. Stonebridge Financial Planning Group LLC’s holdings in Microsoft were worth $1,419,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Pekin Hardy Strauss Inc. grew its stake in shares of Microsoft by 3.9% during the 4th quarter. Pekin Hardy Strauss Inc. now owns 25,365 shares of the software giant’s stock worth $9,538,000 after acquiring an additional 960 shares in the last quarter. Certuity LLC boosted its holdings in shares of Microsoft by 42.1% in the 4th quarter. Certuity LLC now owns 42,519 shares of the software giant’s stock valued at $15,989,000 after buying an additional 12,591 shares during the last quarter. Norden Group LLC boosted its holdings in shares of Microsoft by 11.8% in the 4th quarter. Norden Group LLC now owns 38,519 shares of the software giant’s stock valued at $14,484,000 after buying an additional 4,053 shares during the last quarter. Islay Capital Management LLC boosted its holdings in shares of Microsoft by 0.7% in the 4th quarter. Islay Capital Management LLC now owns 8,624 shares of the software giant’s stock valued at $3,243,000 after buying an additional 62 shares during the last quarter. Finally, Penobscot Investment Management Company Inc. boosted its holdings in shares of Microsoft by 4.3% in the 4th quarter. Penobscot Investment Management Company Inc. now owns 119,876 shares of the software giant’s stock valued at $45,078,000 after buying an additional 4,958 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated 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 sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft 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 sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. UBS Group reissued a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. JPMorgan Chase & Co. raised their price target on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Finally, Wells Fargo & Company raised their price target on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $457.91.

Get Our Latest Research Report on Microsoft

Microsoft Stock Performance

Microsoft stock opened at $415.13 on Monday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60. 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’s 50-day moving average price is $416.30 and its two-hundred day moving average price is $401.17. The stock has a market cap of $3.09 trillion, a PE ratio of 35.94, a P/E/G ratio of 2.19 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last released 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. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the business posted $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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