Eagle Bay Advisors LLC Sells 867 Shares of Microsoft Co. (NASDAQ:MSFT)

Eagle Bay Advisors LLC lowered its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 12,748 shares of the software giant's stock after selling 867 shares during the period. Microsoft accounts for approximately 3.4% of Eagle Bay Advisors LLC's holdings, making the stock its 5th biggest holding. Eagle Bay Advisors LLC's holdings in Microsoft were worth $5,373,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC grew its position in shares of Microsoft by 2.0% during the 3rd quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant's stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Microsoft by 4.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant's stock valued at $23,490,417,000 after buying an additional 2,125,030 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Microsoft by 1.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 47,229,125 shares of the software giant's stock valued at $20,322,513,000 after buying an additional 652,493 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant's stock valued at $16,567,258,000 after buying an additional 38,422,466 shares during the last quarter. Finally, Franklin Resources Inc. grew its position in shares of Microsoft by 1.1% during the 3rd quarter. Franklin Resources Inc. now owns 38,420,657 shares of the software giant's stock valued at $16,104,959,000 after buying an additional 406,940 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. DA Davidson reissued a "neutral" rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Royal Bank of Canada reissued an "outperform" rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research note on Friday, January 24th. Cantor Fitzgerald reissued an "overweight" rating and set a $509.00 target price on shares of Microsoft in a research note on Wednesday, January 29th. Finally, Wedbush reissued an "outperform" rating and set a $550.00 target price on shares of Microsoft in a research note on Tuesday, November 19th. Three analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $510.96.

Microsoft Price Performance

MSFT stock traded down $5.77 on Friday, hitting $410.36. 13,673,038 shares of the company's stock traded hands, compared to its average volume of 22,098,506. Microsoft Co. has a 1-year low of $385.58 and a 1-year high of $468.35. The stock has a fifty day moving average of $425.98 and a 200-day moving average of $422.79. 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 has a market cap of $3.05 trillion, a price-to-earnings ratio of 33.03, a P/E/G ratio of 2.20 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share (EPS) for the quarter, beating 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 quarter last year, the company earned $2.93 EPS. On average, analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the business's stock in a transaction that occurred on Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction of $1,077,175.00. Following the sale, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold 8,000 shares of company stock worth $3,493,820 over the last 90 days. 0.03% of the stock is owned by company 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.