Jmac Enterprises LLC Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Jmac Enterprises LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,768 shares of the software giant’s stock after purchasing an additional 207 shares during the period. Microsoft comprises 1.2% of Jmac Enterprises LLC’s portfolio, making the stock its 19th largest holding. Jmac Enterprises LLC’s holdings in Microsoft were worth $5,554,000 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. Financial Security Advisor Inc. lifted its stake in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 452 shares during the period. Gunderson Capital Management Inc. increased its holdings in Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the last quarter. Rappaport Reiches Capital Management LLC raised its position in Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the period. Bailard Inc. boosted its stake in shares of Microsoft by 1.2% during the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after acquiring an additional 5,366 shares during the last quarter. Finally, RNC Capital Management LLC grew its position in shares of Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after acquiring an additional 6,484 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, 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 filing with the SEC, which is available through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s 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 transaction, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several analyst reports. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Piper Sandler reiterated an “overweight” rating and set a $465.00 price objective (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. The Goldman Sachs Group lifted their price target on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Sanford C. Bernstein increased their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Stock Up 2.2 %

Shares of MSFT opened at $406.66 on Monday. 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 $303.40 and a 52-week high of $430.82. The company has a market cap of $3.02 trillion, a PE ratio of 35.21, a P/E/G ratio of 2.15 and a beta of 0.89. The business has a fifty day moving average of $413.68 and a 200 day moving average of $390.88.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio is 25.97%.

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.