Microsoft Co. (NASDAQ:MSFT) Shares Bought by Bullseye Investment Management LLC

Bullseye Investment Management LLC raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 78.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,062 shares of the software giant's stock after acquiring an additional 7,083 shares during the period. Microsoft makes up approximately 4.4% of Bullseye Investment Management LLC's holdings, making the stock its 4th biggest holding. Bullseye Investment Management LLC's holdings in Microsoft were worth $6,723,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of MSFT. Norges Bank acquired a new stake in shares of Microsoft during the fourth quarter worth $44,343,058,000. Proficio Capital Partners LLC lifted its stake in shares of Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the period. Vanguard Group Inc. lifted its stake in shares of 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 buying an additional 10,431,988 shares during the period. Assenagon Asset Management S.A. lifted its stake in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after buying an additional 4,568,539 shares during the period. Finally, Geode Capital Management LLC lifted its stake in shares of Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after buying an additional 3,264,648 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.8%

MSFT stock opened at $467.68 on Friday. The stock has a market capitalization of $3.48 trillion, a P/E ratio of 37.66, a P/E/G ratio of 2.21 and a beta of 1.03. The firm has a 50-day simple moving average of $415.43 and a 200-day simple moving average of $416.31. 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 52 week low of $344.79 and a 52 week high of $469.65.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. Microsoft's revenue was up 13.3% compared to the same quarter last year. Equities analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.71%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSFT. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. DA Davidson boosted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Stifel Nicolaus boosted their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley restated an "overweight" rating on shares of Microsoft in a research report on Wednesday. Finally, The Goldman Sachs Group boosted their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $513.13.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.