Bowie Capital Management LLC Has $131.55 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Bowie Capital Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 19.4% during the third quarter, HoldingsChannel.com reports. The firm owned 305,715 shares of the software giant’s stock after purchasing an additional 49,775 shares during the period. Microsoft accounts for 6.8% of Bowie Capital Management LLC’s portfolio, making the stock its 3rd biggest position. Bowie Capital Management LLC’s holdings in Microsoft were worth $131,549,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Christopher J. Hasenberg Inc raised its stake in shares of Microsoft by 35.7% during the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock worth $39,000 after purchasing an additional 25 shares in the last quarter. Quarry LP acquired a new position in Microsoft during the second quarter worth $45,000. MidAtlantic Capital Management Inc. bought a new stake in Microsoft during the third quarter worth $62,000. Innealta Capital LLC acquired a new stake in Microsoft in the second quarter valued at $75,000. Finally, Carolina Wealth Advisors LLC grew its position in shares of Microsoft by 10.1% in the 3rd quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after acquiring an additional 31 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.0 %

MSFT stock opened at $415.06 on Friday. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The business has a 50-day simple moving average of $432.53 and a 200 day simple moving average of $424.81. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The company has a market cap of $3.09 trillion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same period in the previous year, the firm posted $2.93 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 12.89 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is presently 26.73%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. Truist Financial reaffirmed a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, October 28th. The Goldman Sachs Group dropped their price objective on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research note on Thursday, October 10th. Stifel Nicolaus lifted their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. DA Davidson restated a “neutral” rating and issued a $425.00 price target on shares of Microsoft in a research note on Thursday. Finally, Loop Capital lifted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, December 23rd. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

Get Our Latest Research Report on Microsoft

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of the firm’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the sale, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This trade represents a 6.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 41,200 shares of company stock worth $17,383,892. Insiders own 0.03% of the company’s stock.

About Microsoft

(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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