Donald L. Hagan LLC Reduces Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Donald L. Hagan LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,901 shares of the software giant’s stock after selling 30 shares during the quarter. Donald L. Hagan LLC’s holdings in Microsoft were worth $715,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares during the period. State Street Corp raised its position in shares of Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after acquiring an additional 1,951,554 shares in the last quarter. FMR LLC raised its position in shares of Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares in the last quarter. Price T Rowe Associates Inc. MD raised its position in shares of Microsoft by 0.3% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after acquiring an additional 556,020 shares in the last quarter. Finally, Moneta Group Investment Advisors LLC increased its position in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after buying an additional 150,053,637 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. KeyCorp initiated coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price on the stock. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. BMO Capital Markets increased their price target on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Barclays increased their price target on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $430.52.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 in the last ninety days. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $421.90 on Monday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The stock has a 50 day moving average price of $415.19 and a 200 day moving average price of $382.55. The stock has a market cap of $3.13 trillion, a PE ratio of 38.15, a P/E/G ratio of 2.25 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. Microsoft’s revenue was up 17.6% compared to the same quarter last year. During the same period last year, the business posted $2.32 earnings per share. Equities research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 27.12%.

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.