Bayshore Asset Management LLC Has $1.69 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Bayshore Asset Management LLC boosted its position in Microsoft Corporation (NASDAQ:MSFT) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,490 shares of the software giant’s stock after buying an additional 27 shares during the quarter. Microsoft makes up about 0.8% of Bayshore Asset Management LLC’s portfolio, making the stock its 18th biggest position. Bayshore Asset Management LLC’s holdings in Microsoft were worth $1,686,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. CHB Investment Group LLC increased its stake in shares of Microsoft by 1.9% during the 1st quarter. CHB Investment Group LLC now owns 6,602 shares of the software giant’s stock worth $2,478,000 after purchasing an additional 121 shares during the last quarter. Traphagen Investment Advisors LLC boosted its holdings in shares of Microsoft by 11.1% during the first quarter. Traphagen Investment Advisors LLC now owns 15,346 shares of the software giant’s stock worth $5,761,000 after acquiring an additional 1,537 shares during the period. Access Financial Services Inc. boosted its holdings in shares of Microsoft by 6.0% during the first quarter. Access Financial Services Inc. now owns 10,976 shares of the software giant’s stock worth $4,120,000 after acquiring an additional 624 shares during the period. Trust Co. of Toledo NA OH boosted its holdings in shares of Microsoft by 0.6% during the first quarter. Trust Co. of Toledo NA OH now owns 152,144 shares of the software giant’s stock worth $57,113,000 after acquiring an additional 961 shares during the period. Finally, Retirement Solution LLC boosted its stake in shares of Microsoft by 3.8% in the first quarter. Retirement Solution LLC now owns 28,096 shares of the software giant’s stock valued at $10,547,000 after buying an additional 1,040 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated 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 of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated 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 directly owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Mizuho lifted their price target on Microsoft from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday. Jefferies Financial Group lifted their price target on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Morgan Stanley reiterated an “overweight” rating and issued a $530.00 price target (up previously from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and issued a $581.00 price target (up previously from $512.00) on shares of Microsoft in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $541.79.

Microsoft Stock Down 0.3%

MSFT opened at $510.05 on Friday. Microsoft Corporation has a one year low of $344.79 and a one year high of $514.64. The company has a fifty day moving average price of $477.78 and a 200-day moving average price of $428.54. The firm has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (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 business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. Equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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 annualized dividend and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

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.