Caprock Group LLC Has $98.91 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Caprock Group LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 229,860 shares of the software giant's stock after acquiring an additional 4,911 shares during the quarter. Microsoft makes up about 3.6% of Caprock Group LLC's portfolio, making the stock its 3rd largest holding. Caprock Group LLC's holdings in Microsoft were worth $98,909,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of MSFT. Amara Financial LLC. acquired a new stake in Microsoft during the 3rd quarter valued at approximately $329,000. Fortis Advisors LLC increased its position in shares of Microsoft by 2.9% during the third quarter. Fortis Advisors LLC now owns 2,408 shares of the software giant's stock worth $1,036,000 after buying an additional 67 shares during the period. Lindenwold Advisors INC increased its position in shares of Microsoft by 1.0% during the third quarter. Lindenwold Advisors INC now owns 19,490 shares of the software giant's stock worth $8,387,000 after buying an additional 185 shares during the period. Aviance Capital Partners LLC lifted its holdings in Microsoft by 0.8% in the third quarter. Aviance Capital Partners LLC now owns 37,964 shares of the software giant's stock valued at $16,340,000 after buying an additional 304 shares during the period. Finally, Windle Wealth LLC grew its holdings in Microsoft by 3.8% during the 3rd quarter. Windle Wealth LLC now owns 20,348 shares of the software giant's stock worth $8,756,000 after acquiring an additional 739 shares during the period. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on MSFT. StockNews.com upgraded Microsoft from a "hold" rating to a "buy" rating in a research report on Wednesday. Wedbush restated an "outperform" rating and set a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. Piper Sandler lifted their price objective on shares of Microsoft from $470.00 to $520.00 and gave the company an "overweight" rating in a research note on Monday, January 6th. Cantor Fitzgerald assumed coverage on shares of Microsoft in a research note on Friday, January 17th. They set an "overweight" rating and a $509.00 target price on the stock. Finally, The Goldman Sachs Group decreased their price target on shares of Microsoft from $515.00 to $500.00 and set a "buy" rating for the company in a research note on Thursday, October 10th. Three investment analysts have rated the stock with a hold rating, twenty-seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $512.66.

Microsoft Stock Performance

Shares of Microsoft stock traded down $2.65 during mid-day trading on Friday, hitting $444.06. 15,539,488 shares of the stock were exchanged, compared to its average volume of 15,490,811. Microsoft Co. has a 12 month low of $385.58 and a 12 month high of $468.35. The company has a 50-day simple moving average of $431.05 and a 200 day simple moving average of $425.82. The company has a market capitalization of $3.30 trillion, a P/E ratio of 36.64, a P/E/G ratio of 2.40 and a beta of 0.90. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The business had revenue of $65.59 billion for the quarter, compared to analysts' expectations of $64.57 billion. During the same quarter in the previous year, the firm earned $2.99 earnings per share. The business's revenue was up 16.0% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 12.9 earnings per share for the current fiscal 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 given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft's dividend payout ratio is 27.39%.

Insider Buying and Selling at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction on Monday, December 9th. The stock was sold at an average price of $447.41, for a total value of $1,118,525.00. Following the sale, 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 sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 transaction, the executive vice president now owns 117,294 shares of the company's stock, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock worth $17,383,892 over the last three months. 0.03% of the stock is currently owned by insiders.

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.