Bourgeon Capital Management LLC Has $16.39 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Bourgeon Capital Management LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 20.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 43,654 shares of the software giant's stock after selling 11,194 shares during the quarter. Microsoft accounts for about 3.5% of Bourgeon Capital Management LLC's portfolio, making the stock its 3rd biggest holding. Bourgeon Capital Management LLC's holdings in Microsoft were worth $16,387,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at approximately $38,000. LSV Asset Management bought a new position in Microsoft in the fourth quarter valued at approximately $44,000. Fairway Wealth LLC bought a new position in Microsoft in the fourth quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC bought a new position in Microsoft in the fourth quarter valued at approximately $120,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Down 0.3%

MSFT stock opened at $495.94 on Monday. The stock's 50 day simple moving average is $449.47 and its 200 day simple moving average is $421.74. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $499.30. 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 company has a market cap of $3.69 trillion, a P/E ratio of 38.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.03.

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

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Wedbush boosted their target price on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Four research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $521.14.

Insider Activity

In related news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction 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 approximately $207,995,413.95. This trade represents a 13.59% 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 stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate 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.

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