Bowie Capital Management LLC Has $139.43 Million Position in Microsoft Co. (NASDAQ:MSFT)

Bowie Capital Management LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 8.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 330,786 shares of the software giant’s stock after acquiring an additional 25,071 shares during the period. Microsoft makes up about 7.4% of Bowie Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Bowie Capital Management LLC’s holdings in Microsoft were worth $139,426,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Muirfield Wealth Advisors LLC raised its holdings in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after acquiring an additional 24 shares during the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC raised its holdings in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after acquiring an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel raised its holdings in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after acquiring an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group raised its holdings in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. DA Davidson boosted their price target on Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. UBS Group lowered their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Scotiabank lifted their price objective on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 1st. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $515.68.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $479.14 on Tuesday. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $480.69. The business has a 50-day moving average of $430.54 and a 200-day moving average of $418.94. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The company has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. The company’s revenue was up 13.3% compared to the same quarter last year. On average, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 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.