Bullseye Investment Management LLC Has $4.39 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Bullseye Investment Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,432 shares of the software giant’s stock after selling 372 shares during the quarter. Microsoft makes up approximately 2.6% of Bullseye Investment Management LLC’s portfolio, making the stock its 14th biggest position. Bullseye Investment Management LLC’s holdings in Microsoft were worth $4,389,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSFT. Morris Financial Concepts Inc. raised its holdings 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 buying an additional 25 shares in the last quarter. Innova Wealth Partners raised its stake in shares of Microsoft by 0.6% during the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares in the last quarter. Arkansas Financial Group Inc. raised its stake in shares of Microsoft by 1.5% during the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after acquiring an additional 25 shares in the last quarter. Partnership Wealth Management LLC lifted its holdings in shares of Microsoft by 0.4% in the 1st quarter. Partnership Wealth Management LLC now owns 6,202 shares of the software giant’s stock worth $2,609,000 after acquiring an additional 25 shares during the last quarter. Finally, Johnson Bixby & Associates LLC boosted its stake in shares of Microsoft by 0.4% in the 1st quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on MSFT. TD Cowen lifted their target price on shares of Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a research report on Thursday, July 18th. Bank of America boosted their target price on Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Evercore ISI lifted their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. increased their price objective on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Two equities research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $494.72.

Microsoft Stock Performance

Shares of Microsoft stock opened at $415.55 on Friday. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The firm has a market capitalization of $3.09 trillion, a P/E ratio of 35.98, a P/E/G ratio of 2.11 and a beta of 0.90. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The business has a fifty day simple moving average of $435.57 and a two-hundred day simple moving average of $422.62.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The company had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. Microsoft’s revenue was up 15.2% on a year-over-year basis. During the same period last year, the company posted $2.69 EPS. On average, equities analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.72%. Microsoft’s payout ratio is currently 25.97%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction 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 of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.