Tevis Investment Management Increases Position in Microsoft Co. (NASDAQ:MSFT)

Tevis Investment Management increased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 2.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,925 shares of the software giant’s stock after purchasing an additional 151 shares during the quarter. Microsoft makes up about 2.5% of Tevis Investment Management’s portfolio, making the stock its 10th biggest position. Tevis Investment Management’s holdings in Microsoft were worth $2,914,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morris Financial Concepts Inc. grew its position in shares of Microsoft by 0.9% during the 4th quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after acquiring an additional 25 shares during the period. Innova Wealth Partners grew its position in shares of Microsoft by 0.6% during the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after acquiring an additional 25 shares during the period. Arkansas Financial Group Inc. grew its position in shares of Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock valued at $646,000 after acquiring an additional 25 shares during the period. Partnership Wealth Management LLC grew its position in shares of Microsoft by 0.4% during the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock valued at $2,609,000 after acquiring an additional 25 shares during the period. Finally, Sicart Associates LLC grew its position in shares of Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after acquiring an additional 26 shares during the period. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Jefferies Financial Group raised their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Friday, May 24th. Citigroup boosted their price target on Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Piper Sandler restated an “overweight” rating and issued a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. Finally, New Street Research assumed coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price for the company. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Read Our Latest Report on Microsoft

Microsoft Stock Up 1.5 %

Shares of NASDAQ MSFT opened at $467.56 on Friday. The firm has a market cap of $3.48 trillion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.17 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 Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The business’s 50 day moving average is $429.75 and its two-hundred day moving average is $413.04.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping 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 business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. Research analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction 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 owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, 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 value of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the 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 directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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