Harbour Investments Inc. Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Harbour Investments Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,672 shares of the software giant’s stock after purchasing an additional 3,933 shares during the quarter. Microsoft makes up 0.9% of Harbour Investments Inc.’s investment portfolio, making the stock its 19th biggest holding. Harbour Investments Inc.’s holdings in Microsoft were worth $21,687,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MSFT. Financial Security Advisor Inc. boosted its position in shares of Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares in the last quarter. Gunderson Capital Management Inc. boosted its holdings in Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its holdings in Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP boosted its holdings in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC boosted its holdings in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on MSFT. The Goldman Sachs Group upped their price target on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Wells Fargo & Company upped their price target on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, April 26th. BMO Capital Markets upped their price target on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Jefferies Financial Group increased their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Finally, Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, May 22nd. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.1 %

NASDAQ:MSFT opened at $441.58 on Friday. The stock has a fifty day moving average price of $417.37 and a two-hundred day moving average price of $404.04. The stock has a market capitalization of $3.28 trillion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $443.40.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.68%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

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.