Stonebrook Private Inc. Invests $13.93 Million in Microsoft Co. (NASDAQ:MSFT)

Stonebrook Private Inc. acquired a new stake in Microsoft Co. (NASDAQ:MSFTFree Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 37,035 shares of the software giant’s stock, valued at approximately $13,926,000. Microsoft comprises about 4.7% of Stonebrook Private Inc.’s holdings, making the stock its 3rd largest position.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Friedenthal Financial purchased a new position in Microsoft in the 4th quarter valued at $45,000. PayPay Securities Corp grew its position in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the last quarter. Authentikos Wealth Advisory LLC purchased a new position in Microsoft in the 3rd quarter valued at $87,000. Kathleen S. Wright Associates Inc. grew its position in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after buying an additional 143 shares during the last quarter. Finally, Family CFO Inc grew its position in Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after buying an additional 43 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was 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 in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, May 22nd. Wells Fargo & Company lifted their price target on Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Morgan Stanley lifted their price target on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Sanford C. Bernstein lifted their price target on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $456.83.

Read Our Latest Report on Microsoft

Microsoft Stock Down 3.4 %

MSFT opened at $414.67 on Friday. The firm has a 50 day moving average price of $416.58 and a 200 day moving average price of $400.40. The company has a market cap of $3.08 trillion, a PE ratio of 35.90, a price-to-earnings-growth ratio of 2.27 and a beta of 0.89. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $433.60. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the company earned $2.45 earnings per share. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. Sell-side analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The company 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 $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

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

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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