Bourne Lent Asset Management Inc. Reduces Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Bourne Lent Asset Management Inc. decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 74,511 shares of the software giant's stock after selling 1,883 shares during the quarter. Microsoft makes up 12.0% of Bourne Lent Asset Management Inc.'s holdings, making the stock its 2nd largest holding. Bourne Lent Asset Management Inc.'s holdings in Microsoft were worth $27,971,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. ONE Advisory Partners LLC boosted its position in Microsoft by 5.2% during the first quarter. ONE Advisory Partners LLC now owns 772 shares of the software giant's stock valued at $290,000 after purchasing an additional 38 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Microsoft by 3.4% during the first quarter. Sivia Capital Partners LLC now owns 21,332 shares of the software giant's stock valued at $8,008,000 after purchasing an additional 696 shares in the last quarter. Principia Wealth Advisory LLC boosted its position in Microsoft by 7.8% during the first quarter. Principia Wealth Advisory LLC now owns 1,134 shares of the software giant's stock valued at $443,000 after purchasing an additional 82 shares in the last quarter. Godsey & Gibb Inc. boosted its position in Microsoft by 0.7% during the first quarter. Godsey & Gibb Inc. now owns 71,334 shares of the software giant's stock valued at $26,778,000 after purchasing an additional 500 shares in the last quarter. Finally, WealthBridge Investment Counsel Inc. boosted its position in Microsoft by 1.8% during the first quarter. WealthBridge Investment Counsel Inc. now owns 18,168 shares of the software giant's stock valued at $6,820,000 after purchasing an additional 315 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% 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 ninety days. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 1.5%

Shares of NASDAQ MSFT opened at $498.25 on Monday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $500.76. The firm has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.26 and a beta of 1.04. 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 stock's 50-day simple moving average is $461.41 and its 200-day simple moving average is $423.48.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the company earned $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. DA Davidson increased their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Jefferies Financial Group increased their price target on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

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.

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