Balentine LLC Acquires 23,069 Shares of Microsoft Co. (NASDAQ:MSFT)

Balentine LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 20.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 137,465 shares of the software giant’s stock after acquiring an additional 23,069 shares during the period. Microsoft comprises about 1.6% of Balentine LLC’s investment portfolio, making the stock its 10th biggest position. Balentine LLC’s holdings in Microsoft were worth $51,692,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Friedenthal Financial bought a new position in Microsoft during the 4th quarter valued at about $45,000. PayPay Securities Corp lifted its holdings in Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the last quarter. Kathleen S. Wright Associates Inc. lifted its holdings in Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after purchasing an additional 143 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in Microsoft during the 3rd quarter valued at about $87,000. Finally, Cordant Inc. lifted its holdings in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Jefferies Financial Group lifted their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. UBS Group reissued a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. Evercore ISI boosted their target price on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Wells Fargo & Company increased their price target on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $457.91.

Read Our Latest Stock Analysis on MSFT

Insiders Place Their Bets

In other Microsoft news, 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 sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, 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 sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,521 shares of company stock worth $19,746,476. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $424.52 on Friday. The company has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 36.76, a P/E/G ratio of 2.20 and a beta of 0.89. The firm’s 50 day simple moving average is $416.13 and its 200 day simple moving average is $402.07. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last announced 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 business 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%. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the company posted $2.45 EPS. As a group, sell-side analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued 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 0.71%. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Microsoft 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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