Contravisory Investment Management Inc. Sells 103 Shares of Microsoft Co. (NASDAQ:MSFT)

Contravisory Investment Management Inc. lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 0.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 19,238 shares of the software giant’s stock after selling 103 shares during the period. Microsoft comprises about 1.7% of Contravisory Investment Management Inc.’s portfolio, making the stock its 29th biggest position. Contravisory Investment Management Inc.’s holdings in Microsoft were worth $8,109,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Outlook Wealth Advisors LLC raised its stake in Microsoft by 5.1% during the fourth quarter. Outlook Wealth Advisors LLC now owns 8,404 shares of the software giant’s stock worth $3,542,000 after buying an additional 404 shares during the last quarter. ERn Financial LLC lifted its stake in shares of Microsoft by 4.6% in the 4th quarter. ERn Financial LLC now owns 13,152 shares of the software giant’s stock valued at $5,544,000 after purchasing an additional 581 shares during the period. Surience Private Wealth LLC boosted its position in shares of Microsoft by 512.7% during the 4th quarter. Surience Private Wealth LLC now owns 11,053 shares of the software giant’s stock valued at $4,659,000 after purchasing an additional 9,249 shares in the last quarter. BluePath Capital Management LLC grew its stake in Microsoft by 8.8% during the fourth quarter. BluePath Capital Management LLC now owns 8,518 shares of the software giant’s stock worth $3,553,000 after purchasing an additional 691 shares during the period. Finally, Sendero Wealth Management LLC increased its holdings in Microsoft by 5.0% in the fourth quarter. Sendero Wealth Management LLC now owns 43,747 shares of the software giant’s stock worth $18,439,000 after purchasing an additional 2,090 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Up 0.2 %

MSFT stock opened at $409.40 on Wednesday. The stock has a market cap of $3.04 trillion, a P/E ratio of 32.96, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock’s fifty day simple moving average is $428.01 and its two-hundred day simple moving average is $422.85. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the prior year, the company posted $2.93 EPS. Analysts expect that Microsoft Co. will post 13.07 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio is currently 26.73%.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. UBS Group reduced their price objective on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. JPMorgan Chase & Co. decreased their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. Wedbush reissued an “outperform” rating and set a $550.00 price objective on shares of Microsoft in a research report on Tuesday, November 19th. DA Davidson reaffirmed a “neutral” rating and set a $425.00 price target on shares of Microsoft in a research note on Thursday, January 30th. Finally, Mizuho reduced their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research note on Thursday, January 30th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total transaction of $423,480.00. Following the transaction, the chief marketing officer now owns 56,511 shares of the company’s stock, valued at $23,931,278.28. This represents a 1.74 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the sale, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 34,000 shares of company stock worth $14,333,540 in the last quarter. Insiders own 0.03% of the company’s stock.

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.