Colorado Capital Management Inc. Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Colorado Capital Management Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 9.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,641 shares of the software giant’s stock after acquiring an additional 323 shares during the quarter. Colorado Capital Management Inc.’s holdings in Microsoft were worth $1,532,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Friedenthal Financial bought a new stake in shares of Microsoft during the 4th quarter worth $45,000. Neo Ivy Capital Management bought a new stake in shares of Microsoft during the 4th quarter worth $58,000. PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Cooksen Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. raised its stake in shares of Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after purchasing an additional 143 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Up 0.3 %

Shares of MSFT opened at $460.77 on Friday. The firm has a market cap of $3.42 trillion, a P/E ratio of 39.89, a P/E/G ratio of 2.16 and a beta of 0.89. The stock has a 50 day simple moving average of $427.29 and a two-hundred day simple moving average of $411.76. 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 $461.02.

Microsoft (NASDAQ:MSFT) last issued its earnings results 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. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.45 earnings per share. On average, analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.65%. Microsoft’s payout ratio is currently 25.97%.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research note on Friday, April 26th. KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. Oppenheimer boosted their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Finally, DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $467.12.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by insiders.

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.