Thoroughbred Financial Services LLC Purchases 4,933 Shares of Microsoft Co. (NASDAQ:MSFT)

Thoroughbred Financial Services LLC increased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 134,304 shares of the software giant's stock after buying an additional 4,933 shares during the quarter. Microsoft accounts for 4.1% of Thoroughbred Financial Services LLC's portfolio, making the stock its 2nd largest position. Thoroughbred Financial Services LLC's holdings in Microsoft were worth $50,504,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Norges Bank purchased a new position in Microsoft in the 4th quarter worth approximately $35,920,047,000. International Assets Investment Management LLC purchased a new position in shares of Microsoft in the fourth quarter worth $9,625,201,000. FMR LLC increased its stake in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant's stock worth $68,162,263,000 after buying an additional 5,762,902 shares during the period. Cerity Partners LLC boosted its position in Microsoft by 277.8% during the 4th quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant's stock valued at $2,633,912,000 after buying an additional 5,150,160 shares during the period. Finally, Barclays PLC boosted its position in Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant's stock valued at $9,152,647,000 after buying an additional 2,456,190 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.2 %

Shares of NASDAQ MSFT traded down $0.67 during midday trading on Friday, hitting $423.85. The stock had a trading volume of 13,321,892 shares, compared to its average volume of 21,191,350. The company has a market cap of $3.15 trillion, a P/E ratio of 36.79, a PEG ratio of 2.24 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The business's 50 day moving average is $416.13 and its 200-day moving average is $402.07. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $433.60.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company's revenue was up 17.0% compared to the same quarter last year. During the same period last year, the business posted $2.45 EPS. As a group, analysts predict that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft's payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on MSFT shares. Morgan Stanley upped their price objective on shares of Microsoft from $465.00 to $520.00 and gave the company an "overweight" rating in a research note on Thursday, April 11th. StockNews.com cut Microsoft from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. JPMorgan Chase & Co. lifted their price objective on Microsoft from $440.00 to $470.00 and gave the stock an "overweight" rating in a research report on Friday, April 26th. Macquarie upped their target price on Microsoft from $460.00 to $475.00 and gave the company an "outperform" rating in a report on Friday, May 17th. Finally, Wedbush reaffirmed an "outperform" rating and issued a $500.00 price target on shares of Microsoft in a research note on Wednesday, May 22nd. Three analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $460.56.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the business's stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the business's stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company's stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders sold 47,521 shares of company stock worth $19,746,476 over the last three months. 0.03% of the stock is currently owned by company insiders.

About Microsoft

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.