Okabena Investment Services Inc. Purchases 7,036 Shares of Microsoft Co. (NASDAQ:MSFT)

Okabena Investment Services Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 35.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,067 shares of the software giant's stock after purchasing an additional 7,036 shares during the period. Microsoft makes up approximately 3.2% of Okabena Investment Services Inc.'s holdings, making the stock its 8th biggest position. Okabena Investment Services Inc.'s holdings in Microsoft were worth $11,409,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Norges Bank bought a new position in shares of Microsoft during the 4th quarter worth about $44,343,058,000. Proficio Capital Partners LLC lifted its holdings in shares of Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Microsoft by 76.6% during the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 0.6%

Microsoft stock traded up $2.70 during midday trading on Friday, hitting $470.38. 15,271,762 shares of the stock were exchanged, compared to its average volume of 21,523,496. The company has a fifty day simple moving average of $417.20 and a two-hundred day simple moving average of $416.68. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34. The stock has a market capitalization of $3.50 trillion, a PE ratio of 37.87, a P/E/G 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 (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 business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the firm earned $2.94 EPS. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on MSFT. DA Davidson raised their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Wedbush reissued an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Piper Sandler reissued an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $513.59.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the business's 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 completion of the sale, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

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.