Saybrook Capital NC Has $974,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Saybrook Capital NC increased its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 72.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,311 shares of the software giant's stock after buying an additional 968 shares during the period. Microsoft accounts for approximately 0.3% of Saybrook Capital NC's investment portfolio, making the stock its 28th biggest position. Saybrook Capital NC's holdings in Microsoft were worth $974,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp grew its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC grew its position in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Swedbank AB increased its stake in shares of Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after purchasing an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC lifted its holdings in Microsoft by 1.4% during the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock worth $3,334,000 after purchasing an additional 109 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Raymond James upped their price objective on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Morgan Stanley lifted their price objective on shares of Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. TD Securities increased their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, UBS Group dropped their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $509.16.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm'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 transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $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 Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction that occurred on 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 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. Over the last 90 days, insiders have sold 94,243 shares of company stock worth $41,288,738. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT traded up $1.14 on Friday, reaching $454.27. The stock had a trading volume of 23,797,504 shares, compared to its average volume of 21,538,550. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The firm has a 50-day moving average of $395.33 and a 200-day moving average of $412.61.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $2.94 earnings per share. As a group, sell-side analysts anticipate that Microsoft Co. 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, June 12th. Stockholders of record on Thursday, May 15th will be paid 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 currently 25.66%.

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.