Tarbox Family Office Inc. Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Tarbox Family Office Inc. raised its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 8,788 shares of the software giant’s stock after purchasing an additional 526 shares during the period. Microsoft accounts for approximately 0.6% of Tarbox Family Office Inc.’s portfolio, making the stock its 19th largest holding. Tarbox Family Office Inc.’s holdings in Microsoft were worth $3,697,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Financial Security Advisor Inc. raised its stake 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 purchasing an additional 452 shares during the last quarter. Gunderson Capital Management Inc. boosted its stake 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 worth $9,359,000 after purchasing an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC grew its holdings in shares of Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after buying an additional 1,067 shares in the last quarter. Bayesian Capital Management LP raised its position in shares of Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after buying an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC lifted its stake in shares of Microsoft by 10.4% during the fourth 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 period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 1.5 %

MSFT stock opened at $467.56 on Friday. 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 has a 50 day simple moving average of $429.75 and a 200-day simple moving average of $412.76. The company has a market capitalization of $3.48 trillion, a P/E ratio of 40.48, a PEG ratio of 2.17 and a beta of 0.89. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $468.35.

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, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue for the quarter was up 17.0% compared to the same quarter last year. During the same period last year, the business earned $2.45 EPS. On average, equities research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Tigress Financial lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Wells Fargo & Company upped their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. KeyCorp started coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target for the company. BMO Capital Markets increased their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, May 24th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $467.12.

Read Our Latest Stock Analysis on MSFT

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the company’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 sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction 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 owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 in the last quarter. Insiders own 0.03% of the company’s stock.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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