Oak Thistle LLC Has $3.97 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Oak Thistle LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 830.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 9,418 shares of the software giant’s stock after acquiring an additional 8,406 shares during the quarter. Microsoft accounts for 1.2% of Oak Thistle LLC’s portfolio, making the stock its 2nd biggest holding. Oak Thistle LLC’s holdings in Microsoft were worth $3,970,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Net Worth Advisory Group purchased a new stake in Microsoft during the third quarter valued at approximately $2,645,000. Oak Ridge Investments LLC increased its position in shares of Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after purchasing an additional 18,544 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in 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 valued at $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA lifted 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 worth $41,318,000 after buying an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. boosted 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 period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the company’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 transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Over the last three months, insiders have sold 8,000 shares of company stock valued at $3,493,820. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent analyst reports. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. JPMorgan Chase & Co. dropped their price objective on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Morgan Stanley reduced their target price on Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a research note on Thursday, January 30th. Finally, BMO Capital Markets lowered their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $510.96.

Microsoft Trading Down 1.9 %

Shares of NASDAQ MSFT opened at $408.25 on Monday. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The business has a fifty day moving average price of $425.20 and a 200 day moving average price of $423.04. The stock has a market capitalization of $3.03 trillion, a P/E ratio of 32.87, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT) last released its quarterly 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 last year, the business earned $2.93 earnings per share. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

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.