Eagle Strategies LLC Acquires 35 Shares of Microsoft Co. (NASDAQ:MSFT)

Eagle Strategies LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,200 shares of the software giant’s stock after acquiring an additional 35 shares during the quarter. Microsoft accounts for 1.0% of Eagle Strategies LLC’s portfolio, making the stock its 28th largest holding. Eagle Strategies LLC’s holdings in Microsoft were worth $4,588,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Financial Security Advisor Inc. boosted its position in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. lifted its position in Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after purchasing an additional 185 shares during the period. Rappaport Reiches Capital Management LLC lifted its position in Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares during the period. Bailard Inc. lifted its position in Microsoft by 1.2% in the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after purchasing an additional 5,366 shares during the period. Finally, RNC Capital Management LLC lifted its position in Microsoft by 10.4% in the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after purchasing an additional 6,484 shares during the period. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSFT has been the subject of several research reports. Evercore ISI raised their target price on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Sanford C. Bernstein raised their target price on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. Finally, Macquarie boosted their target price on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $452.61.

Microsoft Stock Up 2.2 %

MSFT stock opened at $406.66 on Monday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $413.68 and a two-hundred day moving average price of $390.88. The company has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a twelve month low of $303.40 and a twelve month high of $430.82.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. Analysts anticipate that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Transactions at Microsoft

In other 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 transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other 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 transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by corporate insiders.

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.