Colrain Capital LLC Buys New Shares in Microsoft Co. (NASDAQ:MSFT)

Colrain Capital LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,475 shares of the software giant’s stock, valued at approximately $1,465,000. Microsoft comprises about 1.4% of Colrain Capital LLC’s portfolio, making the stock its 22nd biggest position.

A number of other institutional investors have also added to or reduced their stakes in the company. Summit Financial LLC increased its stake in Microsoft by 9.7% in the fourth quarter. Summit Financial LLC now owns 130,425 shares of the software giant’s stock valued at $54,974,000 after acquiring an additional 11,523 shares during the last quarter. Prudent Man Investment Management Inc. bought a new position in Microsoft in the fourth quarter valued at $219,000. Edmond DE Rothschild Holding S.A. increased its stake in Microsoft by 8.0% in the fourth quarter. Edmond DE Rothschild Holding S.A. now owns 517,266 shares of the software giant’s stock valued at $218,028,000 after acquiring an additional 38,407 shares during the last quarter. Meeder Asset Management Inc. increased its stake in Microsoft by 55.3% in the fourth quarter. Meeder Asset Management Inc. now owns 300,517 shares of the software giant’s stock valued at $126,668,000 after acquiring an additional 106,990 shares during the last quarter. Finally, D L Carlson Investment Group Inc. increased its stake in Microsoft by 1.2% in the fourth quarter. D L Carlson Investment Group Inc. now owns 54,757 shares of the software giant’s stock valued at $23,080,000 after acquiring an additional 670 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares in the company, valued at $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last three months. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on MSFT. Wedbush reissued an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. Morgan Stanley restated an “overweight” rating on shares of Microsoft in a research report on Wednesday. Citigroup upped their price target on shares of Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Jefferies Financial Group upped their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Piper Sandler restated an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $513.13.

Microsoft Stock Performance

Microsoft stock opened at $470.38 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $473.34. The firm has a 50-day moving average of $417.20 and a 200-day moving average of $416.68. The firm has a market cap of $3.50 trillion, a P/E ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the business posted $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.