Microsoft Corporation (NASDAQ:MSFT) is Jacobs & Co. CA's 3rd Largest Position

Jacobs & Co. CA reduced its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,564 shares of the software giant's stock after selling 4,155 shares during the period. Microsoft makes up 3.6% of Jacobs & Co. CA's holdings, making the stock its 3rd biggest position. Jacobs & Co. CA's holdings in Microsoft were worth $33,997,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC raised its position in Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. raised its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the period. 1900 Wealth Management LLC raised its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the period. Strategic Financial Services Inc. lifted its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in shares of Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after acquiring an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded down $1.51 during trading on Friday, hitting $495.94. 33,955,963 shares of the stock were exchanged, compared to its average volume of 21,627,079. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.69 trillion, a PE ratio of 38.33, a P/E/G ratio of 2.50 and a beta of 1.03. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $499.27. The company has a fifty day moving average price of $446.90 and a two-hundred day moving average price of $421.75.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the company earned $2.94 EPS. On average, analysts forecast that Microsoft Corporation will post 13.08 EPS for the current 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Jefferies Financial Group upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Finally, JPMorgan Chase & Co. raised their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $521.14.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the business'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 transaction of $1,389,000.00. Following the completion of the sale, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% 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 valued at $60,224,683. 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.