Bowman & Co S.C. Has $5.58 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Bowman & Co S.C. lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 14,842 shares of the software giant’s stock after acquiring an additional 477 shares during the period. Microsoft accounts for 2.7% of Bowman & Co S.C.’s portfolio, making the stock its 7th biggest holding. Bowman & Co S.C.’s holdings in Microsoft were worth $5,575,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of MSFT. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the 4th quarter valued at about $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management bought a new position in Microsoft in the 4th quarter valued at about $44,000. Finally, Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter valued at about $62,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, 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 completion of the transaction, the insider now owns 471,036 shares in the company, 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 have sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. Westpark Capital reissued a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Scotiabank upped their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a report on Thursday, May 1st. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Sunday, June 22nd. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $521.14.

Microsoft Price Performance

Shares of MSFT opened at $497.45 on Friday. The company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.50 and a beta of 1.03. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $498.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The business’s 50-day moving average is $446.90 and its 200-day moving average is $421.75.

Microsoft (NASDAQ:MSFT) last issued 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 company had revenue of $70.07 billion for 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 firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.94 EPS. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. 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 dividend payout ratio is 25.66%.

Microsoft 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.