Harbour Investment Management LLC Has $25.94 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Harbour Investment Management LLC lifted its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.3% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 61,539 shares of the software giant's stock after purchasing an additional 3,086 shares during the quarter. Microsoft comprises 11.4% of Harbour Investment Management LLC's investment portfolio, making the stock its biggest holding. Harbour Investment Management LLC's holdings in Microsoft were worth $25,939,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Family Firm Inc. increased its stake in shares of Microsoft by 747.4% during the fourth quarter. Family Firm Inc. now owns 37,474 shares of the software giant's stock valued at $15,795,000 after purchasing an additional 33,052 shares in the last quarter. Harrington Investments INC grew its stake in shares of Microsoft by 0.9% in the 4th quarter. Harrington Investments INC now owns 28,223 shares of the software giant's stock worth $11,896,000 after buying an additional 246 shares during the last quarter. Clearstead Trust LLC increased its position in Microsoft by 17.7% during the 4th quarter. Clearstead Trust LLC now owns 56,318 shares of the software giant's stock valued at $23,738,000 after buying an additional 8,474 shares in the last quarter. Copperwynd Financial LLC raised its stake in Microsoft by 34.6% during the fourth quarter. Copperwynd Financial LLC now owns 12,044 shares of the software giant's stock valued at $5,076,000 after buying an additional 3,098 shares during the last quarter. Finally, Greykasell Wealth Strategies Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at approximately $5,385,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction 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 now directly owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 110,243 shares of company stock valued at $48,619,618 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on MSFT. StockNews.com raised Microsoft from a "hold" rating to a "buy" rating in a research report on Monday, May 5th. Raymond James lifted their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Tigress Financial lifted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Finally, Mizuho increased their price target on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $512.63.

Microsoft Trading Down 1.2%

Shares of MSFT stock opened at $452.57 on Thursday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock has a fifty day simple moving average of $399.71 and a two-hundred day simple moving average of $413.31. The firm has a market capitalization of $3.36 trillion, a PE ratio of 36.44, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.73%. Microsoft's payout ratio is 25.66%.

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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