Contravisory Investment Management Inc. Has $7.36 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Contravisory Investment Management Inc. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,558 shares of the software giant’s stock after purchasing an additional 28 shares during the period. Microsoft makes up about 1.8% of Contravisory Investment Management Inc.’s investment portfolio, making the stock its 19th biggest position. Contravisory Investment Management Inc.’s holdings in Microsoft were worth $7,355,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Monumental Financial Group Inc. acquired a new position in Microsoft in the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC lifted its holdings in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the period. Hibernia Wealth Partners LLC acquired a new position in Microsoft in the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC lifted its holdings in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the period. Finally, MayTech Global Investments LLC acquired a new position in Microsoft in the fourth quarter valued at approximately $83,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ MSFT opened at $420.72 on Friday. The firm has a 50-day moving average of $410.82 and a 200-day moving average of $374.31. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The stock has a market cap of $3.13 trillion, a PE ratio of 38.04, a P/E/G ratio of 2.24 and a beta of 0.89. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period last year, the firm earned $2.32 earnings per share. Microsoft’s revenue for the quarter was up 17.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is 27.12%.

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on MSFT shares. Wedbush increased their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Tuesday. Raymond James upped their target price on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Mizuho upped their target price on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. BMO Capital Markets upped 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. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $423.34.

Read Our Latest Stock Analysis on MSFT

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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