Microsoft Co. (NASDAQ:MSFT) is Eagle Rock Investment Company LLC’s 8th Largest Position

Eagle Rock Investment Company LLC decreased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 33,276 shares of the software giant’s stock after selling 1,482 shares during the period. Microsoft comprises 2.6% of Eagle Rock Investment Company LLC’s investment portfolio, making the stock its 8th biggest position. Eagle Rock Investment Company LLC’s holdings in Microsoft were worth $14,000,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Friedenthal Financial purchased a new stake in shares of Microsoft during the fourth quarter worth about $45,000. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the fourth quarter worth about $58,000. PayPay Securities Corp boosted its position in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Microsoft during the fourth quarter worth about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its position in Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after acquiring an additional 143 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the 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 sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last three months, insiders have sold 25,566 shares of company stock valued at $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $459.28 on Wednesday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $459.59. The firm’s 50 day moving average price is $425.22 and its 200 day moving average price is $410.79. The company has a market cap of $3.41 trillion, a P/E ratio of 39.76, a PEG ratio of 2.36 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the prior year, the firm earned $2.45 EPS. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Piper Sandler restated an “overweight” rating and set a $465.00 price target (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Sanford C. Bernstein boosted their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Finally, DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $467.12.

View Our Latest Analysis on Microsoft

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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