Summitry LLC Purchases 2,413 Shares of Microsoft Co. (NASDAQ:MSFT)

Summitry LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 141,384 shares of the software giant's stock after purchasing an additional 2,413 shares during the period. Microsoft comprises about 2.9% of Summitry LLC's portfolio, making the stock its 14th largest position. Summitry LLC's holdings in Microsoft were worth $59,593,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC raised its holdings in shares of Microsoft by 34,643.3% in 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 purchasing an additional 16,788,816 shares during the period. Vanguard Group Inc. grew its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in Microsoft by 76.6% in the 4th quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant's stock valued at $4,439,407,000 after buying an additional 4,568,539 shares in the last quarter. Geode Capital Management LLC raised its holdings in Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in shares of Microsoft during the fourth quarter worth $1,116,940,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred 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 transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 132,743 shares of company stock worth $58,835,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.3%

Shares of Microsoft stock traded up $1.45 during trading on Wednesday, reaching $464.42. 7,698,971 shares of the stock were exchanged, compared to its average volume of 21,424,473. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.45 trillion, a price-to-earnings ratio of 37.39, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The stock's fifty day moving average is $411.89 and its 200 day moving average is $415.62.

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 for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the firm posted $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. 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, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is 25.66%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSFT. Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Morgan Stanley reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday. Royal Bank of Canada reissued an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. DA Davidson boosted their price target 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. Finally, BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, Microsoft currently 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.