Randolph Co Inc Buys 557 Shares of Microsoft Co. (NASDAQ:MSFT)

Randolph Co Inc increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 85,467 shares of the software giant’s stock after purchasing an additional 557 shares during the quarter. Microsoft accounts for 4.3% of Randolph Co Inc’s holdings, making the stock its 5th largest holding. Randolph Co Inc’s holdings in Microsoft were worth $32,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of MSFT. Iron Horse Wealth Management LLC grew its stake in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC purchased a new stake in Microsoft during the 3rd quarter worth about $87,000. Family CFO Inc boosted its position in shares of Microsoft by 13.6% during the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares in the last quarter. Cordant Inc. increased its holdings in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new stake in shares of Microsoft during the 4th quarter worth about $146,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent analyst reports. Jefferies Financial Group increased their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. BMO Capital Markets lifted their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. KeyCorp initiated coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Finally, Evercore ISI boosted their target price on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Insider Activity

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 2.2 %

Shares of NASDAQ MSFT opened at $406.66 on Monday. The stock has a market capitalization of $3.02 trillion, a price-to-earnings ratio of 35.21, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. Microsoft Co. has a 52 week low of $303.40 and a 52 week high of $430.82. The firm has a 50-day moving average price of $413.68 and a 200 day moving average price of $390.88. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period last year, the firm earned $2.45 EPS. Equities research analysts anticipate that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Microsoft Company 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.