Haven Private LLC Acquires Shares of 3,698 Microsoft Co. (NASDAQ:MSFT)

Haven Private LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 3,698 shares of the software giant's stock, valued at approximately $1,559,000. Microsoft makes up about 0.9% of Haven Private LLC's investment portfolio, making the stock its 26th biggest holding.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Acas LLC boosted its position in shares of Microsoft by 1.7% during the fourth quarter. Acas LLC now owns 3,610 shares of the software giant's stock worth $1,492,000 after purchasing an additional 61 shares in the last quarter. Novus Advisors LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $3,911,000. Greenwoods Asset Management Hong Kong Ltd. raised its holdings in shares of Microsoft by 51.6% during the fourth quarter. Greenwoods Asset Management Hong Kong Ltd. now owns 177,933 shares of the software giant's stock worth $74,999,000 after acquiring an additional 60,532 shares during the period. Edgestream Partners L.P. raised its holdings in shares of Microsoft by 8.1% during the fourth quarter. Edgestream Partners L.P. now owns 54,742 shares of the software giant's stock worth $23,074,000 after acquiring an additional 4,112 shares during the period. Finally, Marco Investment Management LLC raised its holdings in shares of Microsoft by 0.5% during the fourth quarter. Marco Investment Management LLC now owns 80,605 shares of the software giant's stock worth $33,975,000 after acquiring an additional 410 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of MSFT stock traded up $3.80 during midday trading on Wednesday, hitting $452.94. 19,864,490 shares of the company were exchanged, compared to its average volume of 21,511,825. The firm has a market capitalization of $3.37 trillion, a P/E ratio of 36.47, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm's 50 day moving average price is $391.20 and its two-hundred day moving average price is $411.86. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.94 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Microsoft from $450.00 to $480.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Royal Bank of Canada raised their price objective on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Evercore ISI raised their price objective on shares of Microsoft from $435.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Raymond James raised their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $507.77.

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.03% of the company's stock.

Microsoft Company 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.