Microsoft Co. (NASDAQ:MSFT) is Bowman & Co S.C.’s 8th Largest Position

Posted by on Jul 3rd, 2023

Bowman & Co S.C. lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 9.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,786 shares of the software giant’s stock after buying an additional 1,096 shares during the quarter. Microsoft comprises about 2.7% of Bowman & Co S.C.’s holdings, making the stock its 8th biggest holding. Bowman & Co S.C.’s holdings in Microsoft were worth $3,686,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. DGS Capital Management LLC increased its holdings in shares of Microsoft by 19.9% in the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock valued at $4,422,000 after acquiring an additional 2,383 shares during the period. IFM Investors Pty Ltd increased its stake in Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after buying an additional 196,338 shares during the period. Altus Wealth Group LLC increased its stake in Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after buying an additional 152 shares during the period. Powell Investment Advisors LLC increased its stake in Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after buying an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC increased its stake in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after buying an additional 512 shares during the period. Hedge funds and other institutional investors own 72.20% of the company’s stock.

Microsoft Stock Performance

Microsoft stock opened at $340.54 on Monday. The stock has a market cap of $2.53 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The stock has a 50 day moving average of $321.74 and a 200-day moving average of $280.55. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $351.47.

Microsoft (NASDAQ:MSFT – Free Report) last released its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $2.22 EPS. On average, analysts expect that Microsoft Co. will post 9.64 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 14th. Investors of record on Thursday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.80%. The ex-dividend date is Wednesday, August 16th. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on MSFT. Wells Fargo & Company boosted their price objective on shares of Microsoft from $365.00 to $380.00 in a research note on Thursday, June 22nd. DA Davidson boosted their price objective on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Citigroup upped their price target on shares of Microsoft from $332.00 to $340.00 in a research note on Wednesday, April 26th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Microsoft from $340.00 to $380.00 in a research note on Tuesday, May 30th. Finally, JPMorgan Chase & Co. upped their price target on shares of Microsoft from $315.00 to $350.00 in a research note on Thursday, June 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $333.18.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the transaction, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the completion of the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock worth $15,867,278 over the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Company Profile

(Free Report)

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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