EWG Elevate Inc. Purchases 76 Shares of Microsoft Co. (NASDAQ:MSFT)

EWG Elevate Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,753 shares of the software giant’s stock after purchasing an additional 76 shares during the period. EWG Elevate Inc.’s holdings in Microsoft were worth $2,163,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Stonehearth Capital Management LLC purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $252,000. Versant Capital Management Inc grew its stake in Microsoft by 0.6% in the 4th quarter. Versant Capital Management Inc now owns 30,445 shares of the software giant’s stock valued at $11,448,000 after buying an additional 168 shares in the last quarter. Compass Financial Group INC SD purchased a new position in Microsoft in the 4th quarter valued at approximately $203,000. Bennett Selby Investments LP grew its stake in Microsoft by 2.1% in the 4th quarter. Bennett Selby Investments LP now owns 18,309 shares of the software giant’s stock valued at $6,885,000 after buying an additional 370 shares in the last quarter. Finally, Gill Capital Partners LLC grew its stake in Microsoft by 4.2% in the 4th quarter. Gill Capital Partners LLC now owns 6,945 shares of the software giant’s stock valued at $2,612,000 after buying an additional 282 shares in the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the stock. DA Davidson reiterated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a research report on Thursday, January 18th. Mizuho boosted their price target on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research report on Friday, December 15th. Jefferies Financial Group restated a “buy” rating and set a $465.00 price target on shares of Microsoft in a research report on Wednesday, March 6th. Finally, Royal Bank of Canada boosted their price target on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $415.00.

View Our Latest Research Report on Microsoft

Insider Transactions at Microsoft

In other 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 $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of MSFT opened at $425.23 on Thursday. The stock has a market cap of $3.16 trillion, a PE ratio of 38.45, a price-to-earnings-growth ratio of 2.22 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. Microsoft Co. has a fifty-two week low of $269.52 and a fifty-two week high of $427.82. The firm’s 50-day simple moving average is $405.78 and its two-hundred day simple moving average is $370.35.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The business had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.32 earnings per share. Analysts anticipate that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is presently 27.12%.

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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