Colonial River Investments LLC Has $7.28 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Colonial River Investments LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 71.5% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 19,384 shares of the software giant's stock after purchasing an additional 8,080 shares during the period. Microsoft makes up approximately 4.0% of Colonial River Investments LLC's holdings, making the stock its 4th biggest position. Colonial River Investments LLC's holdings in Microsoft were worth $7,277,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Newton One Investments LLC lifted its holdings in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the 4th quarter valued at about $31,000. LSV Asset Management bought a new position in Microsoft during the 4th quarter valued at about $44,000. IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in Microsoft during the 4th quarter valued at about $62,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Up 0.2%

Shares of NASDAQ MSFT opened at $522.04 on Monday. The stock has a market cap of $3.88 trillion, a P/E ratio of 38.27, a P/E/G ratio of 2.29 and a beta of 1.06. The firm has a 50 day moving average price of $496.85 and a 200 day moving average price of $438.17. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business's quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.95 earnings per share. Analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared 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. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is 24.34%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on MSFT shares. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Scotiabank lifted their price target on shares of Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a report on Thursday, July 31st. DA Davidson lifted their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. TD Securities lifted their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, BMO Capital Markets raised their price objective on shares of Microsoft from $550.00 to $650.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Activity at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the company's 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 completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company'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 transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock worth $24,921,913 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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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