Harbour Capital Advisors LLC Has $13.23 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Harbour Capital Advisors LLC decreased its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 31,679 shares of the software giant’s stock after selling 83 shares during the quarter. Microsoft accounts for about 3.1% of Harbour Capital Advisors LLC’s portfolio, making the stock its 3rd largest holding. Harbour Capital Advisors LLC’s holdings in Microsoft were worth $13,225,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swedbank AB acquired a new stake in shares of Microsoft during the 1st quarter worth approximately $5,587,119,000. Wulff Hansen & CO. boosted its holdings in shares of Microsoft by 47,196.6% in the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock valued at $2,160,850,000 after purchasing an additional 4,824,436 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Microsoft by 0.5% in the 1st quarter. Vanguard Group Inc. now owns 667,987,038 shares of the software giant’s stock valued at $281,035,506,000 after purchasing an additional 3,078,099 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in shares of Microsoft by 77.6% in the 1st quarter. Canada Pension Plan Investment Board now owns 6,281,925 shares of the software giant’s stock valued at $2,642,931,000 after purchasing an additional 2,744,900 shares during the last quarter. Finally, M&G Plc acquired a new position in shares of Microsoft during the 1st quarter worth $846,072,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $443.57 on Monday. Microsoft Co. has a 12 month low of $364.13 and a 12 month high of $468.35. The firm has a market capitalization of $3.30 trillion, a P/E ratio of 36.60, a P/E/G ratio of 2.32 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $421.47 and a two-hundred day simple moving average of $427.00.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period last year, the business earned $2.99 earnings per share. The business’s revenue was up 16.0% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 12.93 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, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Microsoft declared that its board has initiated a share repurchase program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. The Goldman Sachs Group decreased their price target on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a report on Thursday, October 10th. JPMorgan Chase & Co. lowered their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley raised their price objective on Microsoft from $506.00 to $548.00 and gave the company an “overweight” rating in a report on Thursday, October 31st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Tuesday, November 5th. Finally, UBS Group cut their price target on Microsoft from $510.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Two research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $504.36.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 17,378 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The shares were sold at an average price of $411.85, for a total transaction of $7,157,129.30. Following the completion of the transaction, the executive vice president now directly owns 150,161 shares of the company’s stock, valued at $61,843,807.85. The trade was a 10.37 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,578 shares of company stock worth $24,450,096. 0.03% of the stock is owned by corporate insiders.

Microsoft Profile

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.