Microsoft Co. (NASDAQ:MSFT) Shares Purchased by BluePointe Capital Management LLC

BluePointe Capital Management LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 39.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,827 shares of the software giant's stock after acquiring an additional 2,222 shares during the period. Microsoft comprises 1.9% of BluePointe Capital Management LLC's investment portfolio, making the stock its 17th biggest position. BluePointe Capital Management LLC's holdings in Microsoft were worth $3,299,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSFT. Proficio Capital Partners LLC raised its position in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after purchasing an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC raised its position in Microsoft by 2.0% in the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after purchasing an additional 3,264,648 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Microsoft by 4.1% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC raised its position in Microsoft by 43,900.4% in the 4th quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant's stock valued at $860,913,000 after purchasing an additional 2,037,857 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of MSFT stock traded up $1.32 during midday trading on Thursday, hitting $458.68. The company had a trading volume of 13,971,400 shares, compared to its average volume of 21,560,565. The company's 50 day simple moving average is $406.41 and its 200 day simple moving average is $414.59. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The stock has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business posted $2.94 EPS. The company's revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.72%. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Scotiabank increased their price target on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Wedbush reissued an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Mizuho raised their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Raymond James raised their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Finally, Morgan Stanley raised their target price on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on 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 completion of 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,743 shares of company stock valued at $58,375,673 in the last three months. 0.03% of the stock is currently owned by company insiders.

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.