Bowman & Co S.C. Sells 481 Shares of Microsoft Co. (NASDAQ:MSFT)

Bowman & Co S.C. trimmed its position in Microsoft Co. (NASDAQ:MSFT) by 3.5% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,412 shares of the software giant’s stock after selling 481 shares during the quarter. Microsoft accounts for 3.4% of Bowman & Co S.C.’s portfolio, making the stock its 4th largest position. Bowman & Co S.C.’s holdings in Microsoft were worth $5,646,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Strategic Financial Concepts LLC lifted its position in shares of Microsoft by 3.4% during the 3rd quarter. Strategic Financial Concepts LLC now owns 5,184 shares of the software giant’s stock worth $1,637,000 after buying an additional 172 shares during the period. Hirtle Callaghan & Co LLC lifted its holdings in shares of Microsoft by 0.5% during the third quarter. Hirtle Callaghan & Co LLC now owns 33,215 shares of the software giant’s stock valued at $10,488,000 after acquiring an additional 152 shares during the period. Kestra Private Wealth Services LLC boosted its stake in shares of Microsoft by 11.2% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 257,791 shares of the software giant’s stock valued at $81,398,000 after purchasing an additional 25,893 shares in the last quarter. Keystone Financial Services increased its position in shares of Microsoft by 6.5% during the 3rd quarter. Keystone Financial Services now owns 2,339 shares of the software giant’s stock worth $739,000 after purchasing an additional 142 shares in the last quarter. Finally, Valmark Advisers Inc. lifted its holdings in Microsoft by 4.9% during the 3rd quarter. Valmark Advisers Inc. now owns 55,344 shares of the software giant’s stock valued at $17,475,000 after purchasing an additional 2,569 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the stock. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research note on Monday, June 17th. JPMorgan Chase & Co. raised their price target on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Raymond James reissued an “outperform” rating and issued a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Citigroup raised their target price on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Finally, Tigress Financial upped their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Over the last three months, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

NASDAQ MSFT opened at $460.77 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market cap of $3.42 trillion, a price-to-earnings ratio of 39.89, a PEG ratio of 2.36 and a beta of 0.89. The business has a 50 day simple moving average of $426.26 and a 200 day simple moving average of $411.42. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $461.02.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.45 earnings per share. Analysts anticipate that Microsoft Co. will post 11.77 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 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is currently 25.97%.

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.