Davis Investment Partners LLC Has $1.22 Million Position in Microsoft Co. (NASDAQ:MSFT)

Davis Investment Partners LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,881 shares of the software giant’s stock after selling 76 shares during the period. Davis Investment Partners LLC’s holdings in Microsoft were worth $1,221,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in MSFT. Comgest Global Investors S.A.S. increased its stake in Microsoft by 3.0% during the 3rd quarter. Comgest Global Investors S.A.S. now owns 1,512,710 shares of the software giant’s stock worth $477,638,000 after acquiring an additional 44,130 shares during the period. American Planning Services Inc. increased its stake in Microsoft by 6.8% during the 3rd quarter. American Planning Services Inc. now owns 2,140 shares of the software giant’s stock worth $676,000 after acquiring an additional 136 shares during the period. Waterford Advisors LLC increased its stake in Microsoft by 5.9% during the 3rd quarter. Waterford Advisors LLC now owns 2,772 shares of the software giant’s stock worth $875,000 after acquiring an additional 154 shares during the period. Insight Advisors LLC PA increased its stake in shares of Microsoft by 2.6% in the 3rd quarter. Insight Advisors LLC PA now owns 17,743 shares of the software giant’s stock valued at $5,602,000 after purchasing an additional 451 shares during the last quarter. Finally, Jackson Thornton Asset Management LLC increased its stake in shares of Microsoft by 5.2% in the 3rd quarter. Jackson Thornton Asset Management LLC now owns 4,609 shares of the software giant’s stock valued at $1,455,000 after purchasing an additional 227 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. Citigroup lifted their price target on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Tigress Financial raised their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. JPMorgan Chase & Co. raised their price objective on Microsoft from $440.00 to $470.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Truist Financial reissued a “buy” rating and set a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Finally, Sanford C. Bernstein raised their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $459.28 on Wednesday. Microsoft Co. has a one year low of $309.45 and a one year high of $459.59. The firm has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 39.76, a PEG ratio of 2.36 and a beta of 0.89. The business has a 50-day simple moving average of $425.22 and a 200 day simple moving average of $410.79. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the company posted $2.45 EPS. The firm’s revenue was up 17.0% compared to the same quarter last year. On average, research analysts anticipate that Microsoft Co. will post 11.77 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, September 12th. Investors of record on Thursday, August 15th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

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.