ArrowMark Colorado Holdings LLC Has $965,000 Holdings in Microsoft Co. (NASDAQ:MSFT)

ArrowMark Colorado Holdings LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 27.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,290 shares of the software giant's stock after selling 879 shares during the period. ArrowMark Colorado Holdings LLC's holdings in Microsoft were worth $965,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. WFA Asset Management Corp raised its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the period. Oriental Harbor Investment Fund acquired a new stake in Microsoft during the 3rd quarter worth approximately $95,683,000. Finally, Boulder Wealth Advisors LLC raised its holdings in Microsoft by 1.0% during the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock worth $1,106,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have commented on MSFT shares. Tigress Financial raised their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Citigroup raised their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday. Scotiabank raised their price target 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. Finally, Royal Bank of Canada reaffirmed an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 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 transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was 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 valued at $60,224,683 over the last ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.8%

Shares of NASDAQ:MSFT traded down $3.91 during midday trading on Friday, hitting $474.96. The stock had a trading volume of 16,804,288 shares, compared to its average volume of 21,539,207. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business's 50-day simple moving average is $428.05 and its 200-day simple moving average is $418.58. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $480.42. The company has a market cap of $3.53 trillion, a P/E ratio of 38.24, a PEG ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the business posted $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.