Perigon Wealth Management LLC Has $51.11 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Perigon Wealth Management LLC grew its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 161,860 shares of the software giant’s stock after buying an additional 533 shares during the quarter. Microsoft makes up approximately 2.1% of Perigon Wealth Management LLC’s portfolio, making the stock its 6th largest position. Perigon Wealth Management LLC’s holdings in Microsoft were worth $51,107,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. Monumental Financial Group Inc. acquired a new stake in Microsoft in the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC lifted its position in Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after acquiring an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new position in shares of Microsoft during the 3rd quarter worth about $69,000. Iron Horse Wealth Management LLC lifted its position in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $83,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

Microsoft Stock Up 0.0 %

Shares of NASDAQ:MSFT opened at $414.11 on Friday. The firm has a fifty day moving average price of $384.47 and a two-hundred day moving average price of $353.64. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. Microsoft Co. has a one year low of $245.61 and a one year high of $415.56. The company has a market cap of $3.08 trillion, a price-to-earnings ratio of 37.44, a PEG ratio of 2.16 and a beta of 0.90.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, February 14th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Insider Buying and Selling

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

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. China Renaissance initiated coverage on Microsoft in a report on Tuesday, December 5th. They set a “buy” rating and a $466.00 price target for the company. Evercore ISI reaffirmed an “outperform” rating and issued a $432.00 price target on shares of Microsoft in a report on Monday, November 20th. Mizuho upped their target price on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. The Goldman Sachs Group upped their target price on Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Barclays increased their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $411.06.

Get Our Latest Analysis on Microsoft

Microsoft 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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