Microsoft Co. (NASDAQ:MSFT) Shares Bought by Vancity Investment Management Ltd

Vancity Investment Management Ltd lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 26.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 169,454 shares of the software giant’s stock after acquiring an additional 35,950 shares during the quarter. Microsoft accounts for 8.5% of Vancity Investment Management Ltd’s portfolio, making the stock its largest holding. Vancity Investment Management Ltd’s holdings in Microsoft were worth $71,292,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of MSFT. Financial Security Advisor Inc. lifted its stake in Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares in the last quarter. Rappaport Reiches Capital Management LLC boosted its position in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the last quarter. Bayesian Capital Management LP grew its stake in Microsoft by 60.1% in the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares in the last quarter. Warren Street Wealth Advisors LLC increased its position in Microsoft by 16.5% in the 4th quarter. Warren Street Wealth Advisors LLC now owns 6,767 shares of the software giant’s stock worth $2,545,000 after purchasing an additional 956 shares during the last quarter. Finally, Czech National Bank lifted its holdings in shares of Microsoft by 0.4% during the 1st quarter. Czech National Bank now owns 1,307,487 shares of the software giant’s stock valued at $550,086,000 after buying an additional 5,253 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Macquarie raised their price objective on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research report on Friday, May 17th. Mizuho lifted their price target on shares of Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research report on Tuesday, July 16th. Evercore ISI upped their price objective on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Argus raised their target price on shares of Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research note on Tuesday, July 9th. Finally, Morgan Stanley cut their target price on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. 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 company’s stock in a transaction 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 transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 25,566 shares of company stock worth $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.8 %

Shares of MSFT opened at $424.80 on Wednesday. The company has a current ratio of 1.27, a quick ratio of 1.23 and a debt-to-equity ratio of 0.16. The stock has a market cap of $3.16 trillion, a PE ratio of 36.78, a PEG ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The stock has a 50 day simple moving average of $436.43 and a 200-day simple moving average of $422.66.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating the consensus estimate of $2.90 by $0.05. The company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.69 EPS. On average, sell-side analysts predict that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s dividend payout ratio is 25.97%.

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.