Lynch Asset Management Inc. Has $6.71 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Lynch Asset Management Inc. raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,850 shares of the software giant’s stock after acquiring an additional 150 shares during the quarter. Microsoft comprises 3.8% of Lynch Asset Management Inc.’s investment portfolio, making the stock its 6th biggest holding. Lynch Asset Management Inc.’s holdings in Microsoft were worth $6,712,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC grew its stake in Microsoft by 89.0% during the third 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. Authentikos Wealth Advisory LLC acquired a new position in Microsoft in the third quarter valued at approximately $87,000. Family CFO Inc boosted its holdings in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares in the last quarter. Cordant Inc. grew its position in shares of Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares during the period. Finally, Life Planning Partners Inc bought a new stake in shares of Microsoft in the 4th quarter valued at $146,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the 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 owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and set a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Barclays upped their price target on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a report on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Finally, KeyCorp assumed coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 target price for the company. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $406.66 on Monday. Microsoft Co. has a one year low of $303.40 and a one year high of $430.82. 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 price-to-earnings ratio of 35.21, a PEG ratio of 2.15 and a beta of 0.89. The company’s fifty day moving average price is $413.68 and its 200-day moving average price is $390.88.

Microsoft (NASDAQ:MSFT) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.45 EPS. On average, equities research analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

About Microsoft

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.