Corrigan Financial Inc. Invests $1.53 Million in Microsoft Co. (NASDAQ:MSFT)

Corrigan Financial Inc. purchased a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 4,072 shares of the software giant’s stock, valued at approximately $1,531,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter valued at $69,000. Iron Horse Wealth Management LLC lifted its position in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Microsoft during the third quarter valued at $87,000. Family CFO Inc lifted its position in Microsoft by 13.6% during the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after purchasing an additional 43 shares in the last quarter. Finally, Cordant Inc. lifted its position in Microsoft by 647.8% during the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after purchasing an additional 298 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the company. Morgan Stanley boosted their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. UBS Group restated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Raymond James boosted their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Macquarie boosted their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Stifel Nicolaus restated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research report on Monday. Four analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $434.05.

Microsoft Trading Up 0.4 %

MSFT opened at $409.06 on Thursday. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 36.99, a P/E/G ratio of 2.17 and a beta of 0.89. The stock’s 50 day moving average price is $414.59 and its 200-day moving average price is $387.09. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFT) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.32 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s payout ratio is 27.12%.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the company’s 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 owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of the company’s 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 owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The stock was 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 owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,070,258 shares of company stock worth $30,690,456. Company insiders own 0.03% of the company’s stock.

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.