Microsoft Co. (NASDAQ:MSFT) is SevenBridge Financial Group LLC’s 2nd Largest Position

SevenBridge Financial Group LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,192 shares of the software giant’s stock after selling 1,187 shares during the period. Microsoft accounts for about 4.6% of SevenBridge Financial Group LLC’s investment portfolio, making the stock its 2nd largest position. SevenBridge Financial Group LLC’s holdings in Microsoft were worth $23,531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. OneAscent Financial Services LLC grew its stake in Microsoft by 59.9% during the fourth quarter. OneAscent Financial Services LLC now owns 25,232 shares of the software giant’s stock valued at $10,636,000 after acquiring an additional 9,457 shares in the last quarter. Cinctive Capital Management LP purchased a new stake in Microsoft in the 4th quarter worth $11,965,000. Creekmur Asset Management LLC boosted its holdings in shares of Microsoft by 1.4% during the 4th quarter. Creekmur Asset Management LLC now owns 7,343 shares of the software giant’s stock valued at $3,095,000 after purchasing an additional 98 shares during the last quarter. Perritt Capital Management Inc grew its position in shares of Microsoft by 6.3% during the fourth quarter. Perritt Capital Management Inc now owns 577 shares of the software giant’s stock valued at $243,000 after purchasing an additional 34 shares in the last quarter. Finally, DKM Wealth Management Inc. bought a new stake in shares of Microsoft in the fourth quarter worth about $545,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $470.38 on Monday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock’s fifty day moving average is $417.20 and its two-hundred day moving average is $416.68. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34. The company has a market capitalization of $3.50 trillion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

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

Microsoft Dividend Announcement

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

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on MSFT shares. Scotiabank increased their price target on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Wedbush reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $513.59.

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.