SevenBridge Financial Group LLC Sells 1,187 Shares of Microsoft Co. (NASDAQ:MSFT)

SevenBridge Financial Group LLC reduced its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 57,192 shares of the software giant's stock after selling 1,187 shares during the quarter. Microsoft comprises 4.6% of SevenBridge Financial Group LLC's investment portfolio, making the stock its 2nd biggest holding. SevenBridge Financial Group LLC's holdings in Microsoft were worth $23,531,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC increased its position in Microsoft by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after buying an additional 3,103,212 shares in the last quarter. Norges Bank purchased a new stake in shares of Microsoft in the fourth quarter valued at $44,343,058,000. Charles Schwab Investment Management Inc. grew its position in shares of Microsoft by 3.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 49,052,704 shares of the software giant's stock valued at $20,675,715,000 after purchasing an additional 1,823,579 shares during the period. Finally, Franklin Resources Inc. grew its position in shares of Microsoft by 3.7% in the fourth quarter. Franklin Resources Inc. now owns 39,829,031 shares of the software giant's stock valued at $16,787,934,000 after purchasing an additional 1,408,374 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts recently weighed in on MSFT shares. Bank of America reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. Citigroup boosted their price target on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $513.89.

Microsoft Price Performance

MSFT traded up $1.70 during trading on Wednesday, reaching $472.62. The stock had a trading volume of 16,371,327 shares, compared to its average volume of 21,517,831. The firm has a market capitalization of $3.51 trillion, a price-to-earnings ratio of 38.05, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 1-year low of $344.79 and a 1-year high of $476.16. The stock has a 50 day moving average of $420.97 and a two-hundred day moving average of $417.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 EPS. The company's revenue was up 13.3% on a year-over-year basis. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at Microsoft

In other 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 value of $1,389,000.00. Following the transaction, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by 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.