Jag Capital Management LLC Has $48.53 Million Position in Microsoft Co. (NASDAQ:MSFT)

Jag Capital Management LLC grew its stake in Microsoft Co. (NASDAQ:MSFT) by 9.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 112,770 shares of the software giant’s stock after purchasing an additional 9,850 shares during the period. Microsoft makes up approximately 5.9% of Jag Capital Management LLC’s holdings, making the stock its 3rd largest holding. Jag Capital Management LLC’s holdings in Microsoft were worth $48,525,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the stock. Christopher J. Hasenberg Inc lifted its holdings in shares of 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 period. Quarry LP acquired a new position in Microsoft in the second quarter valued at about $45,000. Innealta Capital LLC bought a new stake in Microsoft during the second quarter worth about $75,000. Carolina Wealth Advisors LLC increased its holdings in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in shares of Microsoft in the second quarter valued at approximately $200,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This represents a 17.57 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares of the company’s stock, valued at $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 over the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. BMO Capital Markets dropped their price target on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a report on Thursday, October 31st. Sanford C. Bernstein cut their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Stifel Nicolaus increased their price objective on shares of Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. The Goldman Sachs Group dropped their target price on shares of Microsoft from $515.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday, October 10th. Finally, Loop Capital increased their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $511.62.

Microsoft Stock Performance

Shares of MSFT stock opened at $426.31 on Thursday. The stock has a 50-day moving average of $429.08 and a 200-day moving average of $426.72. Microsoft Co. has a one year low of $384.81 and a one year high of $468.35. The stock has a market cap of $3.17 trillion, a PE ratio of 35.17, a price-to-earnings-growth ratio of 2.37 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be paid a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. Microsoft’s payout ratio is 27.39%.

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.