Ferguson Wellman Capital Management Inc. Has $356.22 Million Position in Microsoft Co. (NASDAQ:MSFT)

Ferguson Wellman Capital Management Inc. increased its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 947,284 shares of the software giant’s stock after acquiring an additional 16,924 shares during the period. Microsoft comprises about 8.0% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Microsoft were worth $356,217,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of MSFT. Cadian Capital Management LP grew its holdings in Microsoft by 15.1% during the second quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock valued at $36,438,000 after purchasing an additional 14,000 shares during the period. Gunderson Capital Management Inc. grew its holdings in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the period. C M Bidwell & Associates Ltd. grew its holdings in Microsoft by 5.2% during the second quarter. C M Bidwell & Associates Ltd. now owns 5,075 shares of the software giant’s stock valued at $1,728,000 after purchasing an additional 253 shares during the period. Geneos Wealth Management Inc. grew its holdings in Microsoft by 4.1% during the third quarter. Geneos Wealth Management Inc. now owns 82,267 shares of the software giant’s stock valued at $25,976,000 after purchasing an additional 3,209 shares during the period. Finally, HS Management Partners LLC grew its holdings in Microsoft by 18.0% during the third quarter. HS Management Partners LLC now owns 298,208 shares of the software giant’s stock valued at $94,159,000 after purchasing an additional 45,560 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on 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 sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction on 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 sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent research reports. Royal Bank of Canada boosted their price target on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. KeyCorp started coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective on the stock. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research report on Thursday, January 18th. Wells Fargo & Company boosted their price objective on Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $423.34.

Check Out Our Latest Analysis on Microsoft

Microsoft Price Performance

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

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

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio is 27.12%.

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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