Bonness Enterprises Inc. Sells 100 Shares of Microsoft Co. (NASDAQ:MSFT)

Bonness Enterprises Inc. reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 40,800 shares of the software giant’s stock after selling 100 shares during the period. Microsoft accounts for about 6.2% of Bonness Enterprises Inc.’s holdings, making the stock its 3rd biggest holding. Bonness Enterprises Inc.’s holdings in Microsoft were worth $17,165,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of MSFT. Fox Run Management L.L.C. increased its holdings in Microsoft by 63.0% in the 3rd quarter. Fox Run Management L.L.C. now owns 2,070 shares of the software giant’s stock valued at $654,000 after purchasing an additional 800 shares during the last quarter. Barclays PLC boosted its position in shares of Microsoft by 9.3% during the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after buying an additional 2,456,190 shares during the period. Mycio Wealth Partners LLC purchased a new stake in shares of Microsoft in the 3rd quarter valued at $234,000. Glass Jacobson Investment Advisors llc grew its position in Microsoft by 0.6% in the 3rd quarter. Glass Jacobson Investment Advisors llc now owns 9,108 shares of the software giant’s stock valued at $2,876,000 after acquiring an additional 58 shares in the last quarter. Finally, First County Bank CT increased its stake in Microsoft by 2.4% during the third quarter. First County Bank CT now owns 23,861 shares of the software giant’s stock worth $7,534,000 after purchasing an additional 566 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated 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 sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft 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 completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, 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 worth $10,877,535 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent research reports. Morgan Stanley raised their price objective 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. UBS Group restated a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Raymond James reiterated an “outperform” rating and issued a $480.00 price objective (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. JPMorgan Chase & Co. boosted their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price target on the stock. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $467.12.

Microsoft Stock Performance

NASDAQ:MSFT opened at $446.95 on Monday. The firm has a market cap of $3.32 trillion, a price-to-earnings ratio of 38.70, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $456.17. The firm’s fifty day moving average price is $424.11 and its 200 day moving average price is $410.15.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS 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 during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the firm earned $2.45 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

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 paid a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

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.