Harbour Capital Advisors LLC Reduces Position in Microsoft Corporation (NASDAQ:MSFT)

Harbour Capital Advisors LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,245 shares of the software giant's stock after selling 500 shares during the period. Microsoft accounts for about 2.7% of Harbour Capital Advisors LLC's investment portfolio, making the stock its 4th largest holding. Harbour Capital Advisors LLC's holdings in Microsoft were worth $10,912,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Fosun International Ltd boosted its stake in shares of Microsoft by 0.3% during the 1st 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. Retirement Financial Solutions LLC boosted its stake in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares during the period. Kuhn & Co Investment Counsel boosted its stake in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the period. Alliance Wealth Management Group boosted its stake in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after buying an additional 25 shares during the period. Finally, Guidance Point Advisors LLC boosted its stake in shares of Microsoft by 0.6% during the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after buying an additional 25 shares during the period. Institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on MSFT. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. TD Cowen lifted their target price on shares of Microsoft from $580.00 to $640.00 and gave the company a "buy" rating in a research note on Thursday. Piper Sandler lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company an "overweight" rating in a research note on Thursday. DA Davidson lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a research note on Thursday. Finally, Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Saturday. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $609.86.

Insider Activity

In related news, 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 value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 54,743 shares of company stock valued at $24,921,913 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

MSFT opened at $524.11 on Monday. The firm has a market cap of $3.90 trillion, a P/E ratio of 38.42, a PEG ratio of 2.31 and a beta of 1.06. The firm has a 50-day moving average of $489.94 and a 200 day moving average of $435.01. 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 fifty-two week low of $344.79 and a fifty-two week high of $555.45.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

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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