Reynders McVeigh Capital Management LLC Has $80.76 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Reynders McVeigh Capital Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 187,673 shares of the software giant’s stock after buying an additional 2,157 shares during the period. Microsoft comprises 4.3% of Reynders McVeigh Capital Management LLC’s portfolio, making the stock its 3rd biggest holding. Reynders McVeigh Capital Management LLC’s holdings in Microsoft were worth $80,756,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Net Worth Advisory Group bought a new stake in Microsoft in the third quarter valued at $2,645,000. Oak Ridge Investments LLC grew its holdings in shares of Microsoft by 7.6% in the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock worth $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after purchasing an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted its position in Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares in the last quarter. Finally, Focus Financial Network Inc. grew its stake in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock worth $32,830,000 after buying an additional 1,489 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of MSFT stock opened at $409.75 on Friday. The company has a market capitalization of $3.05 trillion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company’s 50 day moving average price is $431.72 and its two-hundred day moving average price is $423.79.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period last year, the firm posted $2.93 earnings per share. On average, analysts expect that Microsoft Co. will post 13.03 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was 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 in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares in the company, valued at approximately $22,080,578.32. This represents a 4.82 % 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 worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on MSFT shares. TD Cowen reduced their target price on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a report on Thursday, October 31st. Citigroup lowered their target price on Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 price target on shares of Microsoft in a research report on Wednesday, January 29th. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $510.96.

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.