Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC increased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.7% during the first quarter, Holdings Channel reports. The firm owned 46,762 shares of the software giant’s stock after buying an additional 1,230 shares during the quarter. Microsoft makes up approximately 3.0% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 5th largest holding. Eagle Rock Investment Company LLC’s holdings in Microsoft were worth $17,554,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Norges Bank acquired a new stake in Microsoft during the fourth quarter worth approximately $44,343,058,000. GAMMA Investing LLC grew its position in Microsoft by 40,290.4% in the first quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock valued at $17,528,950,000 after acquiring an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC raised its stake in Microsoft by 34,643.3% during the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares in the last quarter. Northern Trust Corp raised its stake in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Royal Bank Of Canada restated an “outperform” rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. BMO Capital Markets reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Evercore ISI set a $515.00 price target on Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, The Goldman Sachs Group upped their price objective on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $524.71.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 1.5%

NASDAQ MSFT opened at $498.25 on Friday. The stock has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04. The business has a 50 day simple moving average of $461.41 and a 200 day simple moving average of $423.67. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the business earned $2.94 EPS. Research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

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.