Harbor Advisory Corp MA Has $6.75 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Harbor Advisory Corp MA lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.5% during the third quarter, Holdings Channel.com reports. The firm owned 15,692 shares of the software giant’s stock after buying an additional 239 shares during the period. Microsoft accounts for approximately 2.2% of Harbor Advisory Corp MA’s holdings, making the stock its 18th largest position. Harbor Advisory Corp MA’s holdings in Microsoft were worth $6,752,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the stock. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after buying an additional 44 shares during the last quarter. Quarry LP bought a new stake in shares of Microsoft during the second quarter worth approximately $45,000. Innealta Capital LLC bought a new stake in shares of Microsoft during the second quarter worth approximately $75,000. Bellevue Group AG raised its stake in shares of Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Finally, Carolina Wealth Advisors LLC raised its stake in shares of Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock worth $145,000 after buying an additional 31 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is owned by company insiders.

Microsoft Price Performance

Shares of MSFT opened at $447.27 on Monday. The firm has a market capitalization of $3.33 trillion, a PE ratio of 36.90, a PEG ratio of 2.38 and a beta of 0.90. The company’s 50-day moving average is $424.16 and its 200-day moving average is $427.61. Microsoft Co. has a fifty-two week low of $364.13 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.15, a current ratio of 1.30 and a quick ratio of 1.29.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, beating the consensus estimate of $3.10 by $0.20. The company had revenue of $65.59 billion for the quarter, compared to analyst estimates of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue was up 16.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.99 earnings per share. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has authorized a share repurchase plan on Monday, September 16th that authorizes the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio is 27.39%.

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, October 31st. Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Piper Sandler reaffirmed an “overweight” rating and issued a $470.00 target price on shares of Microsoft in a research note on Thursday, October 31st. KeyCorp upped their target price on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Royal Bank of Canada reissued an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Tuesday, November 5th. Two investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $505.43.

Microsoft Company 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.