Constitution Capital LLC Acquires 3,897 Shares of Microsoft Co. (NASDAQ:MSFT)

Constitution Capital LLC grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the first quarter, HoldingsChannel.com reports. The firm owned 124,877 shares of the software giant’s stock after acquiring an additional 3,897 shares during the quarter. Microsoft makes up about 29.7% of Constitution Capital LLC’s holdings, making the stock its biggest holding. Constitution Capital LLC’s holdings in Microsoft were worth $52,538,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its position in shares of Microsoft by 2.4% during the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock worth $250,032,357,000 after purchasing an additional 15,701,937 shares in the last quarter. FMR LLC boosted its position in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares in the last quarter. Norges Bank acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $35,920,047,000. International Assets Investment Management LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $9,625,201,000. Finally, Jennison Associates LLC boosted its position in shares of Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after acquiring an additional 277,881 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were 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 directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were 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 directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s 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 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 valued at $10,877,535 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.6 %

NASDAQ:MSFT opened at $459.28 on Wednesday. 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 $3.41 trillion, a price-to-earnings ratio of 39.76, a PEG ratio of 2.36 and a beta of 0.89. The firm has a fifty day simple moving average of $425.22 and a two-hundred day simple moving average of $410.79. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $459.59.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period last year, the company posted $2.45 earnings per share. Analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders 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 dividend yield of 0.65%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is presently 25.97%.

Analysts Set New Price Targets

Several analysts recently issued reports on MSFT shares. Tigress Financial increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, June 13th. Sanford C. Bernstein increased their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Oppenheimer increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, June 7th. Evercore ISI increased their price objective on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Raymond James reissued an “outperform” rating and issued a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $467.12.

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.