BayBridge Capital Group LLC Acquires 80 Shares of Microsoft Co. (NASDAQ:MSFT)

BayBridge Capital Group LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 1.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,688 shares of the software giant’s stock after purchasing an additional 80 shares during the quarter. Microsoft comprises about 1.5% of BayBridge Capital Group LLC’s investment portfolio, making the stock its 12th largest holding. BayBridge Capital Group LLC’s holdings in Microsoft were worth $2,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of the company. Rebalance LLC increased its position in Microsoft by 0.7% during the 2nd quarter. Rebalance LLC now owns 3,451 shares of the software giant’s stock worth $1,542,000 after buying an additional 24 shares during the period. First National Bank Sioux Falls increased its holdings in shares of Microsoft by 0.4% during the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock worth $2,834,000 after buying an additional 24 shares in the last quarter. Flagship Private Wealth LLC boosted its stake in shares of Microsoft by 2.8% during the second quarter. Flagship Private Wealth LLC now owns 913 shares of the software giant’s stock valued at $408,000 after purchasing an additional 25 shares in the last quarter. Massachusetts Wealth Management increased its position in Microsoft by 0.3% in the 2nd quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock valued at $4,309,000 after acquiring an additional 25 shares during the period. Finally, Deseret Mutual Benefit Administrators raised its stake in shares of Microsoft by 0.8% during the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the sale, the executive vice president now directly owns 103,366 shares in the company, valued at $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CMO Takeshi Numoto sold 2,500 shares of the company’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the company. UBS Group increased their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. DA Davidson cut shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price target for the company. in a report on Monday, September 23rd. TD Cowen cut 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 decreased their price target on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp lifted their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $508.46.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $436.60 on Monday. The company has a 50-day moving average price of $427.02 and a two-hundred day moving average price of $428.42. Microsoft Co. has a twelve month low of $366.50 and a twelve month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market capitalization of $3.25 trillion, a PE ratio of 36.02, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion for 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 company’s revenue for the quarter was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm posted $2.99 earnings per share. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has initiated a stock buyback program on Monday, September 16th that allows the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization allows the software giant to purchase up to 1.9% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s payout ratio is currently 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.