Blue Sky Capital Consultants Group Inc. Takes $4.56 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Blue Sky Capital Consultants Group Inc. bought a new stake in shares of Microsoft Corporation (NASDAQ:MSFT) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,813 shares of the software giant’s stock, valued at approximately $4,558,000. Microsoft comprises 2.7% of Blue Sky Capital Consultants Group Inc.’s holdings, making the stock its 14th biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Three Cord True Wealth Management LLC purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $510,000. Warm Springs Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $5,849,000. Richmond Investment Services LLC acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $1,187,000. Columbia River Financial Group LLC acquired a new stake in shares of Microsoft during the 4th quarter valued at approximately $1,691,000. Finally, Invst LLC raised its position in shares of Microsoft by 2.8% during the 4th quarter. Invst LLC now owns 15,003 shares of the software giant’s stock valued at $6,324,000 after acquiring an additional 403 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president now owns 98,010 shares of the company’s stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company’s stock, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. JPMorgan Chase & Co. upped their price target on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Saturday, June 14th. Morgan Stanley reissued an “overweight” rating on shares of Microsoft in a research report on Wednesday, June 4th. Finally, Piper Sandler reissued an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $515.68.

Microsoft Price Performance

Shares of MSFT opened at $480.24 on Thursday. The firm has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 37.11, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a one year low of $344.79 and a one year high of $481.00. The stock’s fifty day moving average is $434.09 and its 200-day moving average is $419.74.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.94 earnings per share. Equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.69%. Microsoft’s dividend 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.