Schoolcraft Capital LLC Has $869,000 Position in Microsoft Corporation (NASDAQ:MSFT)

Schoolcraft Capital LLC raised its position in Microsoft Corporation (NASDAQ:MSFT) by 42.8% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,316 shares of the software giant’s stock after acquiring an additional 694 shares during the quarter. Schoolcraft Capital LLC’s holdings in Microsoft were worth $869,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in MSFT. Norges Bank acquired a new stake in Microsoft in the fourth quarter valued at $44,343,058,000. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC lifted its stake 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 last quarter. Northern Trust Corp lifted its stake 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 last quarter. Finally, Vanguard Group Inc. lifted its stake 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 last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Westpark Capital restated a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Barclays raised their target price on shares of Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Royal Bank Of Canada restated an “outperform” rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. KeyCorp restated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Scotiabank raised their target price on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $534.14.

Microsoft Price Performance

MSFT stock opened at $505.82 on Wednesday. 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 Corporation has a 12 month low of $344.79 and a 12 month high of $508.30. The firm 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’s 50-day moving average price is $473.43 and its two-hundred day moving average price is $426.73.

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

Microsoft Announces Dividend

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

Insider Activity at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares of the company’s stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred 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 sale, the executive vice president directly 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. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last ninety days. Insiders own 0.03% of the company’s stock.

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.