Osprey Private Wealth LLC Acquires 490 Shares of Microsoft Corporation (NASDAQ:MSFT)

Osprey Private Wealth LLC lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.4% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 14,875 shares of the software giant’s stock after buying an additional 490 shares during the quarter. Microsoft comprises 3.3% of Osprey Private Wealth LLC’s portfolio, making the stock its 12th biggest holding. Osprey Private Wealth LLC’s holdings in Microsoft were worth $5,584,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in MSFT. Norges Bank bought a new stake in Microsoft during the 4th quarter worth about $44,343,058,000. GAMMA Investing LLC raised its holdings in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC grew its position in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the period. Northern Trust Corp grew its position in shares of Microsoft by 16.1% during the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. grew its position in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after buying an additional 10,431,988 shares during the period. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 3,000 shares of the 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 sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% 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 quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.6%

Shares of Microsoft stock opened at $505.82 on Wednesday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $508.30. The stock has a market cap of $3.76 trillion, a P/E ratio of 39.09, a P/E/G ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business’s 50 day moving average is $473.43 and its 200-day moving average is $426.73.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the business posted $2.94 EPS. The business’s revenue was up 13.3% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSFT. Guggenheim restated a “neutral” rating on shares of Microsoft 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 Monday, June 30th. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. DA Davidson boosted their target price on Microsoft from $500.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Jefferies Financial Group boosted their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $534.14.

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.