Microsoft Co. (NASDAQ:MSFT) is SevenBridge Financial Group LLC’s 4th Largest Position

SevenBridge Financial Group LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,379 shares of the software giant’s stock after purchasing an additional 290 shares during the period. Microsoft comprises about 4.3% of SevenBridge Financial Group LLC’s portfolio, making the stock its 4th biggest holding. SevenBridge Financial Group LLC’s holdings in Microsoft were worth $24,403,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MSFT. Westfield Capital Management Co. LP lifted its position in shares of Microsoft by 3.7% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,914,391 shares of the software giant’s stock valued at $823,763,000 after buying an additional 67,754 shares in the last quarter. Centaurus Financial Inc. raised its position in Microsoft by 18.2% during the third quarter. Centaurus Financial Inc. now owns 71,311 shares of the software giant’s stock worth $30,685,000 after acquiring an additional 10,964 shares during the period. Wealth Dimensions Group Ltd. lifted its holdings in Microsoft by 3.9% during the third quarter. Wealth Dimensions Group Ltd. now owns 16,846 shares of the software giant’s stock valued at $7,249,000 after purchasing an additional 629 shares in the last quarter. Round Hill Asset Management lifted its stake in Microsoft by 1.8% in the 3rd quarter. Round Hill Asset Management now owns 7,871 shares of the software giant’s stock valued at $3,387,000 after buying an additional 137 shares in the last quarter. Finally, Sompo Asset Management Co. Ltd. boosted its stake in shares of Microsoft by 3.2% in the third quarter. Sompo Asset Management Co. Ltd. now owns 75,830 shares of the software giant’s stock worth $32,630,000 after acquiring an additional 2,359 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Shares of Microsoft stock opened at $414.99 on Friday. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 34.24, a price-to-earnings-growth ratio of 2.40 and a beta of 0.90. The business has a 50-day moving average of $432.55 and a 200 day moving average of $424.95. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. During the same period in the previous year, the company earned $2.93 earnings per share. As a group, sell-side analysts forecast that Microsoft Co. will post 12.9 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Citigroup reduced their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research report on Wednesday, October 23rd. BMO Capital Markets decreased their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research note on Thursday, October 31st. DA Davidson restated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research report on Thursday. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Sanford C. Bernstein dropped their target price on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a report on Friday, October 25th. Three investment analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $509.72.

Insider Buying and Selling

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock valued at $17,383,892 in the last three months. 0.03% of the stock is owned by corporate insiders.

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.