GUNN & Co INVESTMENT MANAGEMENT INC. Has $8.74 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

GUNN & Co INVESTMENT MANAGEMENT INC. lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 90.2% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,311 shares of the software giant’s stock after selling 187,574 shares during the quarter. Microsoft makes up approximately 6.0% of GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings, making the stock its 2nd biggest holding. GUNN & Co INVESTMENT MANAGEMENT INC.’s holdings in Microsoft were worth $8,740,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Net Worth Advisory Group bought a new position in shares of Microsoft during the 3rd quarter valued at about $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA lifted its stake in Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares in the last quarter. Evernest Financial Advisors LLC boosted its holdings in shares of Microsoft by 389.2% in the third quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after buying an additional 42,778 shares during the period. Finally, New Harbor Financial Group LLC increased its position in shares of Microsoft by 55.9% during the second quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after acquiring an additional 450 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction that occurred on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently commented on MSFT shares. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Tuesday, November 5th. KeyCorp upped their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. UBS Group lifted their price objective on shares of Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday. Sanford C. Bernstein reduced their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Finally, StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday. Three research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $508.46.

Microsoft Trading Down 0.1 %

Shares of NASDAQ MSFT opened at $437.03 on Friday. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business has a fifty day simple moving average of $426.62 and a two-hundred day simple moving average of $428.26. The firm has a market cap of $3.25 trillion, a PE ratio of 36.06, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same period in the previous year, the company posted $2.99 EPS. Analysts expect that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft declared that its board has authorized a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.76%. Microsoft’s payout ratio is 27.39%.

Microsoft Company 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.