Hurley Capital LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 883 shares of the software giant's stock, valued at approximately $391,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ted Buchan & Co lifted its position in shares of Microsoft by 13.1% during the 4th quarter. Ted Buchan & Co now owns 6,752 shares of the software giant's stock worth $2,846,000 after purchasing an additional 781 shares during the last quarter. Hemenway Trust Co LLC raised its holdings in shares of Microsoft by 2.5% in the 4th quarter. Hemenway Trust Co LLC now owns 137,499 shares of the software giant's stock worth $57,956,000 after buying an additional 3,369 shares in the last quarter. Payden & Rygel raised its holdings in shares of Microsoft by 7.9% in the 4th quarter. Payden & Rygel now owns 78,830 shares of the software giant's stock worth $33,227,000 after buying an additional 5,800 shares in the last quarter. Investidor Profissional Gestao de Recursos Ltda. raised its holdings in shares of Microsoft by 59.7% in the 4th quarter. Investidor Profissional Gestao de Recursos Ltda. now owns 15,421 shares of the software giant's stock worth $6,500,000 after buying an additional 5,764 shares in the last quarter. Finally, Envestnet Asset Management Inc. grew its position in Microsoft by 2.3% during the 4th quarter. Envestnet Asset Management Inc. now owns 10,318,112 shares of the software giant's stock worth $4,349,084,000 after acquiring an additional 233,515 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Stock Performance
Microsoft stock traded up $6.25 during trading hours on Thursday, hitting $478.87. 18,905,074 shares of the stock traded hands, compared to its average volume of 21,503,895. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $480.37. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03. The firm's 50 day moving average price is $423.22 and its 200-day moving average price is $417.84.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft's dividend payout ratio is presently 25.66%.
Insiders Place Their Bets
In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. This trade represents a 13.59% 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 valued at $60,224,683 over the last quarter. 0.03% of the stock is owned by insiders.
Analyst Ratings Changes
MSFT has been the topic of a number of research analyst reports. Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald increased their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Raymond James lifted their target price on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $513.89.
Read Our Latest Analysis on Microsoft
About Microsoft
(
Free Report)
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.
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