Microsoft Co. (NASDAQ:MSFT) is Oarsman Capital Inc.’s 5th Largest Position

Oarsman Capital Inc. lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 31,681 shares of the software giant’s stock after acquiring an additional 61 shares during the quarter. Microsoft accounts for 3.2% of Oarsman Capital Inc.’s investment portfolio, making the stock its 5th largest position. Oarsman Capital Inc.’s holdings in Microsoft were worth $11,914,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in MSFT. Financial Security Advisor Inc. increased its stake in 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 buying an additional 452 shares during the period. 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 during the period. Rappaport Reiches Capital Management LLC grew its stake in Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP increased its holdings in Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock worth $18,238,000 after purchasing an additional 18,200 shares during the period. Finally, RNC Capital Management LLC raised its position in Microsoft by 10.4% in the 4th 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.

Microsoft Trading Down 0.7 %

MSFT stock opened at $438.70 on Friday. The business has a fifty day simple moving average of $417.37 and a 200-day simple moving average of $404.04. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $443.40. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.26 trillion, a price-to-earnings ratio of 38.23, a PEG ratio of 2.33 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating 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 business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the company posted $2.45 EPS. The company’s revenue was up 17.0% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.68%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analysts Set New Price Targets

Several analysts recently weighed in on MSFT shares. BMO Capital Markets raised their target price on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a report on Friday, April 12th. Citigroup lowered their target price on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Wells Fargo & Company raised their target price on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Finally, Truist Financial reaffirmed a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $465.83.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value 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 $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last 90 days. 0.03% of the stock is owned by company 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.