Microsoft Co. (NASDAQ:MSFT) is Bluegrass Capital Partners LP’s 2nd Largest Position

Bluegrass Capital Partners LP boosted its position in Microsoft Co. (NASDAQ:MSFT) by 25.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 34,000 shares of the software giant’s stock after purchasing an additional 7,000 shares during the quarter. Microsoft comprises approximately 12.7% of Bluegrass Capital Partners LP’s investment portfolio, making the stock its 2nd largest position. Bluegrass Capital Partners LP’s holdings in Microsoft were worth $14,331,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management boosted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the third quarter valued at about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the fourth quarter worth about $141,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 94,243 shares of company stock valued at $41,288,738. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on MSFT shares. Bank of America dropped their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research note on Tuesday, April 15th. Citigroup increased their price objective on Microsoft from $480.00 to $540.00 and gave the stock a “buy” rating in a research report on Thursday. Wells Fargo & Company lifted their target price on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. UBS Group lowered their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Jefferies Financial Group raised their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $509.16.

Microsoft Stock Up 0.3%

Shares of NASDAQ:MSFT opened at $454.27 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market cap of $3.38 trillion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The firm’s 50 day moving average price is $395.33 and its 200 day moving average price is $412.61.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is currently 25.66%.

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.