Lakeshore Capital Group Inc. Makes New $1.63 Million Investment in Microsoft Corporation (NASDAQ:MSFT)

Lakeshore Capital Group Inc. bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 3,864 shares of the software giant's stock, valued at approximately $1,629,000. Microsoft comprises about 2.5% of Lakeshore Capital Group Inc.'s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also bought and sold shares of the stock. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. lifted its stake in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after acquiring an additional 28 shares during the period. Finally, RMR Wealth Builders boosted its holdings in shares of Microsoft by 3.6% in the 4th quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock valued at $20,931,000 after acquiring an additional 1,739 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Up 0.8%

NASDAQ:MSFT traded up $4.11 during midday trading on Tuesday, hitting $490.11. 22,297,193 shares of the company were exchanged, compared to its average volume of 21,532,137. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $491.80. The company has a market capitalization of $3.64 trillion, a PE ratio of 37.88, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. The company has a fifty day simple moving average of $439.81 and a 200 day simple moving average of $420.58.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 earnings per share. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid 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 0.68%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction 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 transaction, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last quarter. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Wedbush reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Scotiabank increased their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Finally, UBS Group reduced their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $515.68.

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.