Seelaus Asset Management LLC Has $3.66 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Seelaus Asset Management LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 29.3% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,508 shares of the software giant's stock after buying an additional 1,930 shares during the quarter. Microsoft comprises 3.4% of Seelaus Asset Management LLC's investment portfolio, making the stock its 3rd largest position. Seelaus Asset Management LLC's holdings in Microsoft were worth $3,661,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Net Worth Advisory Group purchased a new position in Microsoft during the third quarter valued at $2,645,000. Oak Ridge Investments LLC raised its stake in Microsoft by 7.6% during the third 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 during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp raised its stake in 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 last quarter. Jacobs & Co. CA raised its stake in Microsoft by 0.9% during the third quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant's stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. Finally, Focus Financial Network Inc. raised 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 buying an additional 1,489 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction that occurred 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 transaction, the chief marketing officer now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, 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. Over the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Oppenheimer cut Microsoft from an "outperform" rating to a "market perform" rating in a research note on Tuesday, October 8th. KeyCorp lifted their price objective on Microsoft from $490.00 to $505.00 and gave the stock an "overweight" rating in a report on Friday, October 18th. Royal Bank of Canada reaffirmed an "outperform" rating and issued a $500.00 price objective on shares of Microsoft in a report on Tuesday, November 5th. Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $515.00 and gave the stock a "buy" rating in a report on Wednesday, December 18th. Finally, Morgan Stanley lifted their price objective on Microsoft from $506.00 to $548.00 and gave the stock an "overweight" rating in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $512.93.

Microsoft Trading Down 0.1 %

MSFT stock traded down $0.53 during midday trading on Tuesday, reaching $428.50. 25,848,817 shares of the company traded hands, compared to its average volume of 19,069,188. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. The business has a 50 day moving average of $429.54 and a 200-day moving average of $425.92. The firm has a market capitalization of $3.19 trillion, a price-to-earnings ratio of 35.35, a P/E/G ratio of 2.28 and a beta of 0.90.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.10 by $0.20. The business had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company's quarterly revenue was up 16.0% compared to the same quarter last year. During the same period in the prior year, the business posted $2.99 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 12.92 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid 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 0.77%. Microsoft's dividend payout ratio is 27.39%.

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.