Washburn Capital Management Inc. Purchases 750 Shares of Microsoft Co. (NASDAQ:MSFT)

Washburn Capital Management Inc. increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,622 shares of the software giant’s stock after acquiring an additional 750 shares during the quarter. Microsoft comprises about 2.4% of Washburn Capital Management Inc.’s investment portfolio, making the stock its 6th largest position. Washburn Capital Management Inc.’s holdings in Microsoft were worth $3,242,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. Hibernia Wealth Partners LLC bought a new stake in Microsoft in the third quarter valued at about $69,000. Iron Horse Wealth Management LLC increased its holdings in Microsoft by 89.0% in 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 during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in Microsoft in the third quarter valued at about $87,000. Family CFO Inc increased its holdings in Microsoft by 13.6% in 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 during the last quarter. Finally, Cordant Inc. increased its holdings in Microsoft by 647.8% in 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 during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred 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 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. Insiders sold a total of 1,070,258 shares of company stock valued at $30,690,456 over the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $409.06 on Thursday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The stock has a market cap of $3.04 trillion, a price-to-earnings ratio of 36.99, a PEG ratio of 2.17 and a beta of 0.89. The business has a 50 day moving average of $414.59 and a 200-day moving average of $387.09. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating 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 company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the firm posted $2.32 earnings per share. The business’s revenue was up 17.6% on a year-over-year basis. On average, equities research analysts expect that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date 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%.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Wedbush reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Morgan Stanley increased their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Stifel Nicolaus restated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a report on Monday. Wells Fargo & Company increased their price target on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday, April 17th. Finally, Jefferies Financial Group increased their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $434.05.

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.