Microsoft Co. (NASDAQ:MSFT) is Sutton Place Investors LLC’s 5th Largest Position

Sutton Place Investors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 245.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 10,677 shares of the software giant’s stock after acquiring an additional 7,585 shares during the period. Microsoft makes up 2.9% of Sutton Place Investors LLC’s holdings, making the stock its 5th biggest holding. Sutton Place Investors LLC’s holdings in Microsoft were worth $4,015,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in MSFT. Iron Horse Wealth Management LLC lifted its stake in Microsoft by 89.0% during the third 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 in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in shares of Microsoft in the 3rd quarter valued at $87,000. Family CFO Inc lifted its stake in Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares in the last quarter. Cordant Inc. boosted its holdings in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the period. Finally, Life Planning Partners Inc acquired a new position in Microsoft in the 4th quarter valued at about $146,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 1.0 %

NASDAQ:MSFT opened at $409.34 on Wednesday. The stock’s 50 day moving average price is $413.84 and its 200 day moving average price is $392.05. The company has a market capitalization of $3.04 trillion, a PE ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52-week low of $306.09 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the business posted $2.45 EPS. On average, research analysts anticipate that Microsoft Co. will post 11.76 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s payout ratio is 25.97%.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. BMO Capital Markets raised their price objective on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Citigroup dropped their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday, April 18th. UBS Group reiterated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Macquarie boosted their target price on Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Finally, KeyCorp started coverage on Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Three research analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $452.61.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

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.