Mcrae Capital Management Inc. Has $26.67 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Mcrae Capital Management Inc. trimmed its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 70,912 shares of the software giant’s stock after selling 349 shares during the period. Microsoft accounts for 6.7% of Mcrae Capital Management Inc.’s portfolio, making the stock its biggest position. Mcrae Capital Management Inc.’s holdings in Microsoft were worth $26,666,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of MSFT. DGS Capital Management LLC grew its stake in shares of Microsoft by 19.9% in the first quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd boosted its position in shares of Microsoft by 20.8% during the first quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the last quarter. Altus Wealth Group LLC boosted its position in shares of Microsoft by 1.2% during the first quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares during the last quarter. Powell Investment Advisors LLC boosted its position in shares of Microsoft by 16.2% during the first quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC boosted its position in shares of Microsoft by 8.2% during the first quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

Shares of Microsoft stock opened at $399.12 on Friday. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 36.09, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a 50 day moving average price of $414.86 and a 200-day moving average price of $385.33. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same quarter in the previous year, the business earned $2.32 EPS. The company’s quarterly revenue was up 17.6% on a year-over-year basis. Equities analysts expect that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.75%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 27.12%.

Analysts Set New Price Targets

Several research firms recently commented on MSFT. Truist Financial reaffirmed a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. BMO Capital Markets increased their price objective on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. KeyCorp initiated coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Morgan Stanley increased their target price on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Royal Bank of Canada increased their target price on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $432.13.

Check Out Our Latest Report on MSFT

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last three months, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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