Red Lighthouse Investment Management LLC Boosts Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Red Lighthouse Investment Management LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.8% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 15,104 shares of the software giant’s stock after buying an additional 267 shares during the quarter. Microsoft makes up approximately 2.2% of Red Lighthouse Investment Management LLC’s portfolio, making the stock its 10th largest holding. Red Lighthouse Investment Management LLC’s holdings in Microsoft were worth $4,769,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Adero Partners LLC lifted its holdings in shares of Microsoft by 2.7% in the second quarter. Adero Partners LLC now owns 16,815 shares of the software giant’s stock worth $5,726,000 after buying an additional 435 shares in the last quarter. Planning Center Inc. lifted its holdings in shares of Microsoft by 24.4% in the second quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock worth $1,651,000 after buying an additional 950 shares in the last quarter. Cadian Capital Management LP lifted its holdings in shares of Microsoft by 15.1% in the second quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock worth $36,438,000 after buying an additional 14,000 shares in the last quarter. Trivant Custom Portfolio Group LLC lifted its holdings in shares of Microsoft by 1.2% in the second quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock worth $6,769,000 after buying an additional 229 shares in the last quarter. Finally, Sweet Financial Partners LLC raised its stake in Microsoft by 7.8% in the second quarter. Sweet Financial Partners LLC now owns 13,301 shares of the software giant’s stock valued at $4,529,000 after purchasing an additional 961 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock valued at $28,978,803 in the last quarter. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $405.49 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.01 trillion, a P/E ratio of 36.66, a P/E/G ratio of 2.19 and a beta of 0.90. The business has a fifty day simple moving average of $383.06 and a two-hundred day simple moving average of $352.79. Microsoft Co. has a 12 month low of $245.61 and a 12 month high of $415.32.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter last year, the firm posted $2.32 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 11.6 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.74%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is presently 27.12%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on MSFT. Evercore ISI reaffirmed an “outperform” rating and issued a $432.00 target price on shares of Microsoft in a research note on Monday, November 20th. BMO Capital Markets raised their target price on shares of Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wedbush reaffirmed an “outperform” rating and issued a $450.00 target price on shares of Microsoft in a research note on Monday, January 29th. HSBC raised shares of Microsoft from a “hold” rating to a “buy” rating and raised their target price for the company from $347.00 to $413.00 in a research note on Thursday, October 26th. Finally, Argus lifted their price target on shares of Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Four equities research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $411.06.

Check Out Our Latest Report on Microsoft

Microsoft Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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