Microsoft Co. (NASDAQ:MSFT) Shares Bought by Breakwater Capital Group

Breakwater Capital Group raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,727 shares of the software giant’s stock after buying an additional 106 shares during the period. Microsoft comprises about 1.9% of Breakwater Capital Group’s investment portfolio, making the stock its 9th biggest holding. Breakwater Capital Group’s holdings in Microsoft were worth $7,458,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of MSFT. Financial Security Advisor Inc. raised its holdings in shares of Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. raised its holdings in shares of Microsoft by 0.7% during the 4th 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 in the last quarter. Rappaport Reiches Capital Management LLC raised its holdings in shares of Microsoft by 14.9% during the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bayesian Capital Management LP raised its holdings in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC raised its holdings in shares of Microsoft by 10.4% during 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 1.5 %

Shares of NASDAQ MSFT opened at $466.25 on Thursday. The company has a market cap of $3.47 trillion, a PE ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. 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 company has a 50-day moving average of $433.86 and a two-hundred day moving average of $414.95.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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 net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the company earned $2.45 earnings per share. The business’s quarterly revenue was up 17.0% compared to the same quarter last year. As a group, equities analysts expect that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Insider Buying and Selling

In other Microsoft 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction 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. Over the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on MSFT. JPMorgan Chase & Co. raised their price target on shares of Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, May 24th. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Sanford C. Bernstein lifted their target price on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Finally, New Street Research started coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Three research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $469.86.

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.