Riverbridge Partners LLC Sells 24,977 Shares of Microsoft Co. (NASDAQ:MSFT)

Riverbridge Partners LLC cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 4.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 600,776 shares of the software giant’s stock after selling 24,977 shares during the period. Microsoft accounts for approximately 3.1% of Riverbridge Partners LLC’s holdings, making the stock its 2nd biggest holding. Riverbridge Partners LLC’s holdings in Microsoft were worth $252,758,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Financial Security Advisor Inc. increased its stake in shares of 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 acquiring an additional 452 shares during the last quarter. Gunderson Capital Management Inc. increased its stake in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after acquiring an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC increased its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP increased its stake in shares of Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares during the last quarter. Finally, RNC Capital Management LLC increased its stake in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after acquiring an additional 6,484 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of the company’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 value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s 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 completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 over the last quarter. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on MSFT shares. JPMorgan Chase & Co. upped their price target on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Wedbush reissued an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Wednesday, May 22nd. BMO Capital Markets increased their target price on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Tigress Financial increased their target price on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Finally, Stifel Nicolaus reissued a “buy” rating and set a $455.00 target price on shares of Microsoft in a research note on Monday, April 22nd. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Get Our Latest Stock Report on Microsoft

Microsoft Stock Up 1.5 %

Shares of NASDAQ MSFT opened at $467.56 on Monday. 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 company has a market cap of $3.48 trillion, a price-to-earnings ratio of 40.48, a PEG ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The stock has a 50-day moving average price of $429.75 and a two-hundred day moving average price of $413.34.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the prior year, the firm posted $2.45 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. As a group, 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. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio 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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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