Harbour Investment Management LLC Has $25.15 Million Position in Microsoft Co. (NASDAQ:MSFT)

Harbour Investment Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 58,453 shares of the software giant’s stock after selling 622 shares during the quarter. Microsoft makes up about 11.1% of Harbour Investment Management LLC’s portfolio, making the stock its biggest position. Harbour Investment Management LLC’s holdings in Microsoft were worth $25,152,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Christopher J. Hasenberg Inc lifted its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after acquiring an additional 44 shares during the last quarter. Quarry LP purchased a new position in Microsoft in the second quarter worth $45,000. Innealta Capital LLC acquired a new position in shares of Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC lifted its holdings in shares of Microsoft by 10.1% during the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after purchasing an additional 31 shares during the last quarter. Finally, Bbjs Financial Advisors LLC boosted its position in shares of Microsoft by 241.4% in the 2nd quarter. Bbjs Financial Advisors LLC now owns 379 shares of the software giant’s stock worth $169,000 after purchasing an additional 268 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT opened at $423.35 on Friday. The firm has a market capitalization of $3.15 trillion, a PE ratio of 34.93, a PEG ratio of 2.37 and a beta of 0.90. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The firm’s 50-day moving average price is $428.71 and its 200 day moving average price is $428.38.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion during the quarter, compared to analyst estimates of $64.57 billion. During the same period in the prior year, the business earned $2.99 earnings per share. The business’s revenue was up 16.0% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Co. will post 12.93 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. Microsoft’s dividend payout ratio is presently 27.39%.

Microsoft announced that its Board of Directors has authorized a stock buyback program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to buy up to 1.9% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Royal Bank of Canada restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Mizuho raised their price target on shares of Microsoft from $480.00 to $510.00 and gave the stock an “outperform” rating in a report on Friday, December 13th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Friday, December 20th. Loop Capital raised their target price on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, December 23rd. Finally, KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $509.90.

Insider Activity

In related news, CMO Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the sale, the chief marketing officer now owns 57,511 shares in the company, valued at approximately $23,850,961.92. The trade was a 1.71 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

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.