Harbour Trust & Investment Management Co Purchases New Position in Microsoft Co. (NASDAQ:MSFT)

Harbour Trust & Investment Management Co acquired a new stake in Microsoft Co. (NASDAQ:MSFTFree Report) in the fourth quarter, according to its most recent filing with the SEC. The fund acquired 32,091 shares of the software giant’s stock, valued at approximately $12,068,000. Microsoft makes up 1.7% of Harbour Trust & Investment Management Co’s holdings, making the stock its 17th largest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Sicart Associates LLC raised its stake in Microsoft by 2.9% in the 4th quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares during the last quarter. Capital Wealth Management LLC raised its position in shares of Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock valued at $599,000 after buying an additional 26 shares during the last quarter. Mayfair Advisory Group LLC lifted its stake in shares of Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after buying an additional 27 shares in the last quarter. Triton Wealth Management PLLC lifted its stake in shares of Microsoft by 0.5% in the fourth quarter. Triton Wealth Management PLLC now owns 5,864 shares of the software giant’s stock worth $2,167,000 after buying an additional 28 shares in the last quarter. Finally, O Connor Financial Group LLC boosted its position in Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated 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 completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’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 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 filing with the SEC, 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 on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,025,258 shares of company stock worth $12,160,356 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. BMO Capital Markets lifted their price objective on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Raymond James restated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a report on Friday, April 26th. Citigroup lowered their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Barclays raised 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. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

View Our Latest Stock Analysis on Microsoft

Microsoft Price Performance

MSFT stock opened at $406.66 on Friday. The business’s 50-day moving average is $413.68 and its two-hundred day moving average is $390.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a market capitalization of $3.02 trillion, a P/E ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89. Microsoft Co. has a 1 year low of $303.40 and a 1 year high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share 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 firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter last year, the company earned $2.45 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

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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