Harrell Investment Partners LLC Has $14.94 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Harrell Investment Partners LLC raised its stake in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 39,730 shares of the software giant’s stock after purchasing an additional 689 shares during the period. Microsoft accounts for approximately 4.6% of Harrell Investment Partners LLC’s holdings, making the stock its 2nd biggest holding. Harrell Investment Partners LLC’s holdings in Microsoft were worth $14,940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in shares of Microsoft during the 1st quarter valued at about $28,000. Atlantic Private Wealth LLC grew its position in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new position in Microsoft in the 3rd quarter worth about $69,000. Iron Horse Wealth Management LLC grew its position in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC bought a new position in Microsoft in the 4th quarter worth about $83,000. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. 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 that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Piper Sandler restated an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research report on Thursday, January 25th. Macquarie upped their target price on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Raymond James upped their target price on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Morgan Stanley upped their target price on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Finally, Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.13.

Microsoft Stock Down 1.8 %

MSFT stock opened at $404.27 on Friday. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The company’s 50 day simple moving average is $415.29 and its 200-day simple moving average is $384.29. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The firm has a market capitalization of $3.00 trillion, a P/E ratio of 36.55, a P/E/G ratio of 2.21 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results 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. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.32 earnings per share. As a group, equities research analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.74%. Microsoft’s dividend payout ratio is presently 27.12%.

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.