Hendershot Investments Inc. Has $25.35 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Hendershot Investments Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,909 shares of the software giant’s stock after purchasing an additional 2,496 shares during the quarter. Microsoft comprises about 3.4% of Hendershot Investments Inc.’s investment portfolio, making the stock its 6th largest position. Hendershot Investments Inc.’s holdings in Microsoft were worth $25,348,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of MSFT. Christopher J. Hasenberg Inc grew its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares during the period. Quarry LP acquired a new position in Microsoft in the 2nd quarter valued at about $45,000. MidAtlantic Capital Management Inc. acquired a new position in shares of Microsoft during the third quarter worth about $62,000. Carolina Wealth Advisors LLC boosted its holdings in Microsoft by 10.1% in the third 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 in the last quarter. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the second quarter valued at approximately $200,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $409.75 on Monday. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The firm’s 50 day simple moving average is $431.44 and its 200-day simple moving average is $423.56. The company has a market cap 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 fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the company posted $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.07 EPS for the current 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Analyst Ratings Changes

Several equities research analysts have recently commented on MSFT shares. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Friday, January 24th. Wedbush reaffirmed an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research note on Tuesday, November 19th. KeyCorp raised their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Loop Capital increased their price objective 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. Finally, Piper Sandler restated an “overweight” rating and issued a $520.00 price target on shares of Microsoft in a research report on Monday, January 27th. 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, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were 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 owns 103,366 shares of the company’s stock, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares in the company, valued at $23,850,961.92. This represents a 1.71 % 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 in the last quarter. 0.03% of the stock is owned by corporate insiders.

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.