Eagle Rock Investment Company LLC Purchases 1,230 Shares of Microsoft Corporation (NASDAQ:MSFT)

Eagle Rock Investment Company LLC raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,762 shares of the software giant's stock after buying an additional 1,230 shares during the period. Microsoft makes up about 3.0% of Eagle Rock Investment Company LLC's holdings, making the stock its 5th biggest holding. Eagle Rock Investment Company LLC's holdings in Microsoft were worth $17,554,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of MSFT. Fosun International Ltd raised its position in Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after buying an additional 23 shares during the period. Muirfield Wealth Advisors LLC grew its holdings in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC grew its stake in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC raised its stake in shares of Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after purchasing an additional 25 shares in the last quarter. Finally, Kuhn & Co Investment Counsel raised its position in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Up 1.5%

Shares of MSFT opened at $498.25 on Friday. The business's 50 day simple moving average is $461.41 and its 200-day simple moving average is $423.67. The company has a market capitalization of $3.70 trillion, a P/E 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 current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76.

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, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. DA Davidson increased their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Morgan Stanley reiterated an "overweight" rating and issued a $530.00 target price (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is 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.

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