Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Eagle Rock Investment Company LLC

Eagle Rock Investment Company LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 7.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 45,532 shares of the software giant’s stock after purchasing an additional 2,976 shares during the period. Microsoft accounts for approximately 3.2% of Eagle Rock Investment Company LLC’s portfolio, making the stock its 7th largest position. Eagle Rock Investment Company LLC’s holdings in Microsoft were worth $19,192,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after buying an additional 38 shares in the last quarter. O Neil Global Advisors Inc. grew its position in shares of Microsoft by 292.9% during the 2nd quarter. O Neil Global Advisors Inc. now owns 5,500 shares of the software giant’s stock worth $2,458,000 after buying an additional 4,100 shares during the period. Parallel Advisors LLC increased its stake in shares of Microsoft by 4.1% in the 2nd quarter. Parallel Advisors LLC now owns 178,114 shares of the software giant’s stock valued at $79,608,000 after acquiring an additional 7,026 shares in the last quarter. Finally, Thoroughbred Financial Services LLC lifted its position in shares of Microsoft by 29.1% during the 2nd quarter. Thoroughbred Financial Services LLC now owns 133,914 shares of the software giant’s stock valued at $59,852,000 after acquiring an additional 30,198 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Microsoft stock opened at $392.53 on Friday. The stock has a market cap of $2.92 trillion, a P/E ratio of 31.60, a P/E/G ratio of 2.21 and a beta of 0.90. 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 50 day moving average price is $421.47 and its two-hundred day moving average price is $422.79. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS 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 quarter last year, the company earned $2.93 EPS. On average, equities analysts predict that Microsoft Co. 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, March 13th. Investors of record on Thursday, February 20th will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.85%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business’s 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 transaction, the chief marketing officer now directly owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 7,000 shares of company stock worth $3,070,340. 0.03% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on MSFT. StockNews.com upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Mizuho dropped their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research note on Thursday, January 30th. UBS Group cut their price target on Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a report on Thursday, January 30th. Finally, DA Davidson restated a “neutral” rating and set a $425.00 price objective on shares of Microsoft in a report on Thursday, January 30th. Three research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average price target of $510.96.

Microsoft 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.