Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Waycross Investment Management Co

Waycross Investment Management Co boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 4.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,280 shares of the software giant’s stock after purchasing an additional 308 shares during the period. Microsoft comprises 3.1% of Waycross Investment Management Co’s portfolio, making the stock its 9th biggest holding. Waycross Investment Management Co’s holdings in Microsoft were worth $2,733,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Somerset Trust Co raised its holdings in shares of Microsoft by 3.9% in the 1st quarter. Somerset Trust Co now owns 33,991 shares of the software giant’s stock worth $12,760,000 after buying an additional 1,284 shares in the last quarter. BTC Capital Management Inc. boosted its position in shares of Microsoft by 4.7% in the 1st quarter. BTC Capital Management Inc. now owns 109,670 shares of the software giant’s stock worth $41,171,000 after purchasing an additional 4,925 shares during the last quarter. Andrew Hill Investment Advisors Inc. boosted its position in shares of Microsoft by 3.4% in the 1st quarter. Andrew Hill Investment Advisors Inc. now owns 14,209 shares of the software giant’s stock worth $5,334,000 after purchasing an additional 469 shares during the last quarter. Retirement Wealth Solutions LLC boosted its position in shares of Microsoft by 14.4% in the 1st quarter. Retirement Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $998,000 after purchasing an additional 334 shares during the last quarter. Finally, S.E.E.D. Planning Group LLC boosted its position in shares of Microsoft by 7.5% in the 1st quarter. S.E.E.D. Planning Group LLC now owns 28,840 shares of the software giant’s stock worth $10,826,000 after purchasing an additional 2,021 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction 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 completion of the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction 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 transaction, the insider now directly owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 0.4%

Shares of NASDAQ:MSFT opened at $492.27 on Thursday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $494.56. The stock has a market cap of $3.66 trillion, a PE ratio of 38.04, a P/E/G ratio of 2.49 and a beta of 1.03. The business has a 50 day moving average of $444.31 and a 200-day moving average of $421.40. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. As a group, equities research analysts forecast that Microsoft Corporation 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, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s payout ratio is 25.66%.

Analyst Ratings Changes

Several research analysts have recently issued reports on MSFT shares. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities boosted their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a report on Thursday, May 1st. Finally, Jefferies Financial Group boosted their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average price target of $519.43.

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.