Heron Bay Capital Management Has $20.79 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Heron Bay Capital Management lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,315 shares of the software giant's stock after purchasing an additional 1,414 shares during the quarter. Microsoft accounts for about 4.3% of Heron Bay Capital Management's portfolio, making the stock its 4th largest position. Heron Bay Capital Management's holdings in Microsoft were worth $20,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the stock. Wells Fargo & Company upped their price objective on shares of Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial upped their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Four 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 presently has an average rating of "Moderate Buy" and an average price target of $513.13.

Microsoft Stock Up 0.3%

MSFT traded up $1.61 during trading on Monday, hitting $461.97. 16,604,304 shares of the company's stock were exchanged, compared to its average volume of 21,485,813. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $410.44 and its two-hundred day moving average is $415.29. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The stock has a market cap of $3.43 trillion, a P/E ratio of 37.20, a PEG ratio of 2.21 and a beta of 0.99.

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 the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.72%. Microsoft's payout ratio is 25.66%.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,743 shares of company stock worth $58,835,683 in the last quarter. 0.03% of the stock is currently 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.