Randolph Co Inc Buys 73 Shares of Microsoft Corporation (NASDAQ:MSFT)

Randolph Co Inc raised its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 85,727 shares of the software giant’s stock after purchasing an additional 73 shares during the quarter. Microsoft comprises approximately 3.8% of Randolph Co Inc’s portfolio, making the stock its 10th largest holding. Randolph Co Inc’s holdings in Microsoft were worth $32,181,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of MSFT. Sanchez Wealth Management Group boosted its holdings in shares of Microsoft by 1.4% in the first quarter. Sanchez Wealth Management Group now owns 9,138 shares of the software giant’s stock valued at $3,430,000 after acquiring an additional 129 shares in the last quarter. Schoolcraft Capital LLC boosted its holdings in shares of Microsoft by 42.8% in the first quarter. Schoolcraft Capital LLC now owns 2,316 shares of the software giant’s stock valued at $869,000 after acquiring an additional 694 shares in the last quarter. Bensler LLC boosted its holdings in shares of Microsoft by 0.3% in the first quarter. Bensler LLC now owns 109,408 shares of the software giant’s stock valued at $41,071,000 after acquiring an additional 307 shares in the last quarter. Smithbridge Asset Management Inc. DE purchased a new stake in shares of Microsoft in the first quarter valued at about $23,332,000. Finally, F&V Capital Management LLC purchased a new stake in Microsoft during the first quarter worth about $231,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 16,000 shares of the company’s 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 transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT stock opened at $505.82 on Wednesday. The company has a market capitalization of $3.76 trillion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The firm has a fifty day simple moving average of $473.43 and a 200-day simple moving average of $426.73. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $508.30.

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

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on MSFT shares. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Scotiabank upped their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $534.14.

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.