BayBridge Capital Group LLC Buys 80 Shares of Microsoft Co. (NASDAQ:MSFT)

BayBridge Capital Group LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.7% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 4,688 shares of the software giant’s stock after acquiring an additional 80 shares during the period. Microsoft makes up approximately 1.5% of BayBridge Capital Group LLC’s holdings, making the stock its 12th largest holding. BayBridge Capital Group LLC’s holdings in Microsoft were worth $2,017,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Net Worth Advisory Group bought a new position in shares of Microsoft during the third quarter valued at approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its holdings in Microsoft by 1.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares during the last quarter. Jacobs & Co. CA boosted its stake in Microsoft by 0.9% during the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after purchasing an additional 880 shares during the last quarter. Evernest Financial Advisors LLC lifted its stake in Microsoft by 389.2% during the 3rd quarter. Evernest Financial Advisors LLC now owns 53,770 shares of the software giant’s stock valued at $23,137,000 after acquiring an additional 42,778 shares during the period. Finally, New Harbor Financial Group LLC grew its position in Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock worth $561,000 after purchasing an additional 450 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MSFT shares. Wedbush reiterated an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Tuesday, November 5th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective on the stock. in a research report on Monday, September 23rd. TD Cowen dropped their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, October 31st. Finally, Mizuho raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company an “outperform” rating in a report on Friday, December 13th. Three research analysts have rated the stock with a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $508.46.

Microsoft Price Performance

NASDAQ MSFT opened at $436.60 on Monday. The firm’s 50 day moving average price is $427.02 and its 200-day moving average price is $428.42. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The company has a market cap of $3.25 trillion, a PE ratio of 36.02, a P/E/G ratio of 2.37 and a beta of 0.90. Microsoft Co. has a 52-week low of $366.50 and a 52-week high of $468.35.

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

Microsoft declared that its board has initiated a stock buyback plan on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to purchase up to 1.9% of its shares through open market purchases. Shares buyback plans are usually an indication that the company’s leadership believes its stock is undervalued.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.76%. Microsoft’s payout ratio is 27.39%.

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.