Reynders McVeigh Capital Management LLC Has $80.76 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Reynders McVeigh Capital Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 187,673 shares of the software giant’s stock after purchasing an additional 2,157 shares during the quarter. Microsoft comprises approximately 4.3% of Reynders McVeigh Capital Management LLC’s investment portfolio, making the stock its 3rd biggest position. Reynders McVeigh Capital Management LLC’s holdings in Microsoft were worth $80,756,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Christopher J. Hasenberg Inc raised its stake in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP bought a new position in shares of Microsoft during the second quarter worth approximately $45,000. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft in the third quarter valued at approximately $62,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares in the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft during the 2nd quarter worth $200,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT opened at $409.75 on Friday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The firm has a 50 day moving average of $431.72 and a 200 day moving average of $423.79. The company has a market capitalization of $3.05 trillion, a P/E ratio of 32.99, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same quarter in the previous year, the company posted $2.93 EPS. As a group, equities research analysts anticipate that Microsoft Co. will post 13.03 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on MSFT. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Morgan Stanley decreased their target price on shares of Microsoft from $540.00 to $530.00 and set an “overweight” rating on the stock in a report on Thursday, January 30th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, October 28th. Mizuho decreased their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. Finally, BMO Capital Markets cut their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 41,200 shares of company stock worth $17,383,892. Corporate insiders own 0.03% of the company’s stock.

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.