Clear Harbor Asset Management LLC Has $25.71 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Clear Harbor Asset Management LLC lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,380 shares of the software giant’s stock after selling 685 shares during the quarter. Microsoft comprises about 2.4% of Clear Harbor Asset Management LLC’s investment portfolio, making the stock its 6th biggest holding. Clear Harbor Asset Management LLC’s holdings in Microsoft were worth $25,714,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Monumental Financial Group Inc. acquired a new stake in Microsoft during the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC increased its holdings in shares of 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 in the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in shares of Microsoft during the 2nd quarter valued at $601,000. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft during the 3rd quarter valued at $69,000. Finally, Iron Horse Wealth Management LLC boosted its stake 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 acquiring an additional 105 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of recent analyst reports. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research report on Thursday, January 25th. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Mizuho lifted their target price on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. UBS Group restated a “buy” rating and issued a $480.00 price target on shares of Microsoft in a research report on Wednesday. Finally, Barclays lifted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $430.52.

Insider Transactions at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last three months, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 1.4 %

Shares of MSFT opened at $421.90 on Friday. The stock’s 50-day moving average price is $415.19 and its 200 day moving average price is $381.58. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The firm has a market capitalization of $3.13 trillion, a price-to-earnings ratio of 38.15, a P/E/G ratio of 2.26 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The business 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%. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. As a group, research analysts predict that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

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

About Microsoft

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.