Microsoft Corporation (NASDAQ:MSFT) is Louisbourg Investments Inc.’s 2nd Largest Position

Louisbourg Investments Inc. grew its stake in Microsoft Corporation (NASDAQ:MSFT) by 5.1% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,220 shares of the software giant’s stock after purchasing an additional 1,508 shares during the period. Microsoft comprises approximately 2.9% of Louisbourg Investments Inc.’s investment portfolio, making the stock its 2nd largest holding. Louisbourg Investments Inc.’s holdings in Microsoft were worth $11,720,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at $38,000. LSV Asset Management acquired a new stake in Microsoft in the fourth quarter valued at $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft in the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, 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 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 three months. 0.03% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research reports. JPMorgan Chase & Co. lifted their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. DA Davidson lifted their price target on Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. UBS Group reissued a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, 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. Four 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 stock currently has a consensus rating of “Moderate Buy” and an average price target of $543.79.

Microsoft Stock Performance

MSFT stock opened at $510.06 on Tuesday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $514.64. The stock’s fifty day moving average is $477.78 and its two-hundred day moving average is $428.61. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04.

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

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 dividend on an annualized basis and a yield of 0.65%. Microsoft’s dividend payout ratio 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.