Louisbourg Investments Inc. Acquires 1,508 Shares of Microsoft Corporation (NASDAQ:MSFT)

Louisbourg Investments Inc. lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 31,220 shares of the software giant's stock after acquiring an additional 1,508 shares during the period. Microsoft makes up about 2.9% of Louisbourg Investments Inc.'s holdings, making the stock its 2nd largest holding. Louisbourg Investments Inc.'s holdings in Microsoft were worth $11,720,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Grove Bank & Trust increased its stake in Microsoft by 8.0% in the 1st quarter. Grove Bank & Trust now owns 38,214 shares of the software giant's stock worth $14,345,000 after acquiring an additional 2,826 shares during the last quarter. Fogel Capital Management Inc. lifted its holdings in shares of Microsoft by 0.6% during the first quarter. Fogel Capital Management Inc. now owns 71,588 shares of the software giant's stock valued at $26,873,000 after purchasing an additional 441 shares in the last quarter. Community Trust & Investment Co. grew its position in Microsoft by 0.8% in the 1st quarter. Community Trust & Investment Co. now owns 237,568 shares of the software giant's stock worth $89,181,000 after purchasing an additional 1,807 shares during the period. Stockman Wealth Management Inc. lifted its stake in shares of Microsoft by 4.3% in the 1st quarter. Stockman Wealth Management Inc. now owns 52,730 shares of the software giant's stock worth $19,794,000 after purchasing an additional 2,153 shares during the period. Finally, Claris Advisors LLC MO lifted its position in Microsoft by 31.0% during the first quarter. Claris Advisors LLC MO now owns 7,048 shares of the software giant's stock valued at $2,646,000 after purchasing an additional 1,666 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 1.2%

Shares of NASDAQ MSFT traded up $6.29 during midday trading on Thursday, reaching $512.16. 7,549,773 shares of the stock were exchanged, compared to its average volume of 22,218,043. The stock has a 50 day moving average price of $481.17 and a 200-day moving average price of $430.27. 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 capitalization of $3.81 trillion, a P/E ratio of 39.57, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $514.64.

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 (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the firm earned $2.94 earnings per share. Equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Citigroup boosted their target price on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a report on Tuesday. Wall Street Zen cut shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Monday, June 30th. DA Davidson upped their target price on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company raised their price target on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $548.36.

Insiders Place Their Bets

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

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.