Carr Financial Group Corp Purchases 113 Shares of Microsoft Co. (NASDAQ:MSFT)

Carr Financial Group Corp grew its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,802 shares of the software giant’s stock after acquiring an additional 113 shares during the period. Microsoft accounts for approximately 1.8% of Carr Financial Group Corp’s holdings, making the stock its 13th largest position. Carr Financial Group Corp’s holdings in Microsoft were worth $5,722,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Friedenthal Financial bought a new position in shares of Microsoft in the 4th quarter valued at about $45,000. Neo Ivy Capital Management bought a new position in shares of Microsoft in the 4th quarter valued at about $58,000. Richardson Capital Management LLC lifted its stake in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. PayPay Securities Corp grew its holdings in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the period. Finally, Bellevue Group AG increased its position in 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. Institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Argus raised their price objective on Microsoft from $475.00 to $526.00 and gave the company a “buy” rating in a research report on Tuesday, July 9th. UBS Group cut their price target on Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Bank of America upped their price objective on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a report on Wednesday, July 17th. Royal Bank of Canada reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Wednesday, July 31st. Finally, Macquarie lifted their target price on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $494.72.

Insider Buying and Selling

In related news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $408.90 on Thursday. The company has a 50 day moving average of $429.38 and a 200-day moving average of $422.91. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market cap of $3.04 trillion, a PE ratio of 35.40, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The company had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. During the same quarter in the prior year, the firm posted $2.69 EPS. The firm’s quarterly revenue was up 15.2% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 13.04 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend 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.