Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Neville Rodie & Shaw Inc.

Neville Rodie & Shaw Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 177,955 shares of the software giant’s stock after buying an additional 415 shares during the period. Microsoft comprises 5.7% of Neville Rodie & Shaw Inc.’s portfolio, making the stock its 2nd largest holding. Neville Rodie & Shaw Inc.’s holdings in Microsoft were worth $74,870,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Morris Financial Concepts Inc. raised its holdings in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock valued at $1,001,000 after purchasing an additional 25 shares during the last quarter. Innova Wealth Partners increased its stake in Microsoft by 0.6% in the 4th quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock valued at $1,594,000 after buying an additional 25 shares during the last quarter. Arkansas Financial Group Inc. lifted its position in Microsoft by 1.5% during the 4th quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after buying an additional 25 shares in the last quarter. Sicart Associates LLC boosted its stake in shares of Microsoft by 2.9% during the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after buying an additional 26 shares during the last quarter. Finally, Capital Wealth Management LLC grew its holdings in shares of Microsoft by 1.7% in the 4th quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after acquiring an additional 26 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of several recent research reports. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, May 22nd. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. New Street Research assumed coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 target price on the stock. Morgan Stanley increased their price target on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Stock Up 0.9 %

MSFT stock opened at $449.78 on Friday. The firm has a 50-day moving average price of $419.96 and a 200-day moving average price of $406.93. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $450.94. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $3.34 trillion, a P/E ratio of 38.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89.

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

Microsoft Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft 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 sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred 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 owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred on 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 sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock valued at $10,877,535 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

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.