Microsoft Co. (NASDAQ:MSFT) Shares Purchased by BayBridge Capital Group LLC

BayBridge Capital Group LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 0.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,538 shares of the software giant’s stock after purchasing an additional 35 shares during the period. Microsoft comprises approximately 1.6% of BayBridge Capital Group LLC’s holdings, making the stock its 10th biggest holding. BayBridge Capital Group LLC’s holdings in Microsoft were worth $1,820,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Trueblood Wealth Management LLC grew its stake in Microsoft by 0.9% during the first quarter. Trueblood Wealth Management LLC now owns 13,834 shares of the software giant’s stock worth $5,820,000 after buying an additional 119 shares during the last quarter. Sterling Investment Counsel LLC grew its position in Microsoft by 1.8% during the 1st quarter. Sterling Investment Counsel LLC now owns 14,815 shares of the software giant’s stock worth $6,233,000 after acquiring an additional 264 shares during the last quarter. BLB&B Advisors LLC increased its holdings in Microsoft by 2.5% during the 1st quarter. BLB&B Advisors LLC now owns 164,656 shares of the software giant’s stock valued at $69,274,000 after purchasing an additional 4,005 shares in the last quarter. Planned Solutions Inc. raised its position in Microsoft by 0.9% in the 1st quarter. Planned Solutions Inc. now owns 3,943 shares of the software giant’s stock valued at $1,659,000 after purchasing an additional 37 shares during the last quarter. Finally, RCS Financial Planning LLC acquired a new position in Microsoft in the first quarter worth $220,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft 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 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 approximately $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction dated 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 of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Down 0.3 %

Shares of MSFT stock opened at $453.55 on Friday. The company has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 39.27, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The firm has a fifty day moving average of $435.94 and a 200-day moving average of $415.77. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Analyst Ratings Changes

MSFT has been the subject of a number of research reports. BMO Capital Markets raised their target price on Microsoft from $465.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Macquarie increased their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. KeyCorp began coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Finally, Evercore ISI increased their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $470.86.

About Microsoft

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.