IronBridge Private Wealth LLC Has $4.97 Million Stake in Microsoft Co. (NASDAQ:MSFT)

IronBridge Private Wealth LLC reduced its stake in Microsoft Co. (NASDAQ:MSFT) by 35.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 11,550 shares of the software giant’s stock after selling 6,441 shares during the period. Microsoft comprises approximately 1.9% of IronBridge Private Wealth LLC’s investment portfolio, making the stock its 17th largest position. IronBridge Private Wealth LLC’s holdings in Microsoft were worth $4,970,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Itau Unibanco Holding S.A. lifted its holdings in Microsoft by 22.2% during the 3rd quarter. Itau Unibanco Holding S.A. now owns 169,436 shares of the software giant’s stock worth $72,908,000 after buying an additional 30,763 shares during the period. Harmony Asset Management LLC raised its position in shares of Microsoft by 7.4% during the third quarter. Harmony Asset Management LLC now owns 27,895 shares of the software giant’s stock worth $12,003,000 after acquiring an additional 1,915 shares during the last quarter. Harris Associates L P lifted its stake in shares of Microsoft by 50.0% in the third quarter. Harris Associates L P now owns 3,158 shares of the software giant’s stock worth $1,359,000 after acquiring an additional 1,053 shares during the period. Hotchkis & Wiley Capital Management LLC boosted its holdings in Microsoft by 11.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 46,921 shares of the software giant’s stock valued at $20,190,000 after acquiring an additional 4,720 shares during the last quarter. Finally, Hilltop Holdings Inc. increased its position in Microsoft by 204.8% during the 3rd quarter. Hilltop Holdings Inc. now owns 120,129 shares of the software giant’s stock valued at $51,691,000 after purchasing an additional 80,720 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other Microsoft news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the transaction, the executive vice president now owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Trading Up 0.6 %

MSFT stock opened at $415.82 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.09 trillion, a price-to-earnings ratio of 33.48, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The firm’s fifty day simple moving average is $431.86 and its two-hundred day simple moving average is $423.85.

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 35.43% and a return on equity of 33.36%. During the same quarter last year, the business posted $2.93 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s dividend payout ratio is presently 26.73%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. KeyCorp lifted their target price on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial reissued a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. The Goldman Sachs Group cut their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Sanford C. Bernstein lowered 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. Finally, Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

About Microsoft

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.