Regatta Capital Group LLC Reduces Holdings in Microsoft Co. (NASDAQ:MSFT)

Regatta Capital Group LLC decreased its position in Microsoft Co. (NASDAQ:MSFT) by 1.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,578 shares of the software giant’s stock after selling 368 shares during the period. Microsoft accounts for approximately 2.0% of Regatta Capital Group LLC’s investment portfolio, making the stock its 14th largest position. Regatta Capital Group LLC’s holdings in Microsoft were worth $7,738,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in MSFT. Monumental Financial Group Inc. purchased a new position in shares of Microsoft during the 1st quarter worth approximately $28,000. Atlantic Private Wealth LLC boosted its position in shares of Microsoft by 534.5% during the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the period. Hibernia Wealth Partners LLC purchased a new position in shares of Microsoft during the 3rd quarter worth approximately $69,000. Iron Horse Wealth Management LLC boosted its position 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 purchasing an additional 105 shares during the period. Finally, MayTech Global Investments LLC purchased a new position in shares of Microsoft during the 4th quarter worth approximately $83,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on MSFT. Raymond James increased their price objective on shares of Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Citigroup cut their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday. Wedbush reiterated an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research note on Wednesday, April 10th. Morgan Stanley lifted their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Four research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $432.13.

Microsoft Stock Performance

Shares of MSFT opened at $399.12 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock has a market cap of $2.97 trillion, a P/E ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. The company has a 50-day moving average of $414.86 and a two-hundred day moving average of $384.83. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same quarter 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 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The shares were 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 in the company, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Company Profile

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.