Microsoft Co. (NASDAQ:MSFT) is Burney Co.’s 4th Largest Position

Burney Co. decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.5% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 128,564 shares of the software giant’s stock after selling 617 shares during the quarter. Microsoft makes up 1.9% of Burney Co.’s investment portfolio, making the stock its 4th largest position. Burney Co.’s holdings in Microsoft were worth $54,190,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in MSFT. Net Worth Advisory Group purchased a new position in shares of Microsoft in the third quarter valued at $2,645,000. Oak Ridge Investments LLC grew its holdings in Microsoft by 7.6% during the 3rd quarter. Oak Ridge Investments LLC now owns 263,534 shares of the software giant’s stock valued at $113,399,000 after buying an additional 18,544 shares in the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in shares of Microsoft by 1.6% during the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock valued at $882,816,000 after buying an additional 31,401 shares during the period. Jacobs & Co. CA boosted its position in shares of Microsoft by 0.9% in the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after acquiring an additional 880 shares during the period. Finally, Focus Financial Network Inc. grew its stake in Microsoft by 2.0% during the third quarter. Focus Financial Network Inc. now owns 76,296 shares of the software giant’s stock valued at $32,830,000 after acquiring an additional 1,489 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at $22,080,578.32. This represents a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 8,000 shares of company stock valued at $3,493,820. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $404.00 on Tuesday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The company’s fifty day simple moving average is $424.25 and its two-hundred day simple moving average is $423.08. The firm has a market cap of $3.00 trillion, a PE ratio of 32.53, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the company posted $2.93 EPS. As a group, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.82%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MSFT shares. JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Mizuho dropped their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. TD Cowen lowered their target price on shares of Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research note on Thursday, October 31st. Finally, BMO Capital Markets cut their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $510.96.

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.