Microsoft Co. (NASDAQ:MSFT) Holdings Raised by Harbour Investments Inc.

Harbour Investments Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 3.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,208 shares of the software giant’s stock after acquiring an additional 2,114 shares during the period. Microsoft accounts for 0.8% of Harbour Investments Inc.’s investment portfolio, making the stock its 20th biggest holding. Harbour Investments Inc.’s holdings in Microsoft were worth $28,059,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MSFT. International Assets Investment Management LLC raised its holdings in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock valued at $16,567,258,000 after purchasing an additional 38,422,466 shares in the last quarter. Ameriprise Financial Inc. lifted its position in shares of Microsoft by 0.3% in the second quarter. Ameriprise Financial Inc. now owns 34,511,544 shares of the software giant’s stock worth $15,426,767,000 after buying an additional 97,075 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Microsoft by 6.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 24,091,789 shares of the software giant’s stock worth $10,768,771,000 after acquiring an additional 1,563,533 shares in the last quarter. Principal Financial Group Inc. increased its holdings in shares of Microsoft by 3.3% during the 3rd quarter. Principal Financial Group Inc. now owns 15,651,058 shares of the software giant’s stock valued at $6,734,651,000 after acquiring an additional 501,954 shares during the last quarter. Finally, Rhumbline Advisers increased its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Rhumbline Advisers now owns 14,738,956 shares of the software giant’s stock valued at $6,587,576,000 after acquiring an additional 45,220 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the business’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 sale, 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. In the last ninety days, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. TD Cowen decreased their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Tuesday. Mizuho upped their price target on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Citigroup dropped their price objective on Microsoft from $500.00 to $497.00 and set a “buy” rating on the stock in a research note on Wednesday, October 23rd. Finally, Truist Financial restated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, October 28th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $511.62.

Microsoft Stock Performance

Microsoft stock opened at $424.58 on Friday. The stock has a 50-day simple moving average of $429.21 and a 200 day simple moving average of $426.58. The stock has a market capitalization of $3.16 trillion, a price-to-earnings ratio of 35.03, a P/E/G ratio of 2.22 and a beta of 0.90. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. Microsoft Co. has a 12-month low of $384.81 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. During the same quarter last year, the company posted $2.99 EPS. The company’s quarterly revenue was up 16.0% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 12.92 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, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.78%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

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.