Microsoft Corporation (NASDAQ:MSFT) is Davis Capital Management's 9th Largest Position

Davis Capital Management grew its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 28.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,532 shares of the software giant's stock after buying an additional 1,455 shares during the quarter. Microsoft makes up approximately 2.0% of Davis Capital Management's portfolio, making the stock its 9th largest position. Davis Capital Management's holdings in Microsoft were worth $2,452,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new position in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter worth $38,000. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter valued at $44,000. IFS Advisors LLC raised its position in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the period. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the fourth quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

NASDAQ MSFT opened at $498.25 on Friday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $500.76. The company has a fifty day simple moving average of $461.41 and a 200 day simple moving average of $423.67. 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 $3.70 trillion, a P/E ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during 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 business's quarterly 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. On average, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 transaction, the insider directly owned 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Citigroup boosted their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. The Goldman Sachs Group upped their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Finally, Jefferies Financial Group lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $524.71.

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.

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