North Capital Inc. Acquires Shares of 3,448 Microsoft Corporation $MSFT

Key Points

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North Capital Inc. bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund bought 3,448 shares of the software giant's stock, valued at approximately $1,294,000. Microsoft accounts for 1.2% of North Capital Inc.'s investment portfolio, making the stock its 13th largest holding.

Other hedge funds also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new position in Microsoft during the 4th quarter valued at about $31,000. Newton One Investments LLC grew its holdings in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock valued at $28,000 after buying an additional 30 shares in the last quarter. LSV Asset Management purchased a new position in Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC purchased a new position in Microsoft during the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC grew its holdings in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on MSFT shares. Stifel Nicolaus lifted their target price on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Wedbush lifted their target price on Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. KeyCorp upgraded Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price target for the company in a research report on Thursday, July 31st. Finally, Truist Financial set a $675.00 price target on Microsoft and gave the company a "buy" rating in a research report on Monday. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $612.54.

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 30,350 shares of company stock worth $14,162,567. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

MSFT opened at $517.10 on Tuesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The stock has a market capitalization of $3.84 trillion, a PE ratio of 37.91, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The stock's 50 day moving average price is $503.49 and its 200-day moving average price is $441.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same period in the previous year, the firm earned $2.95 earnings per share. The business's revenue was up 18.1% compared to the same quarter last year. On average, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is presently 24.34%.

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.

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