Microsoft Corporation $MSFT is Jacobs & Co. CA’s 3rd Largest Position

by · The Markets Daily

Jacobs & Co. CA lessened its holdings in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 1.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 86,813 shares of the software giant’s stock after selling 1,156 shares during the period. Microsoft comprises approximately 4.3% of Jacobs & Co. CA’s holdings, making the stock its 3rd biggest holding. Jacobs & Co. CA’s holdings in Microsoft were worth $44,965,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in MSFT. Longfellow Investment Management Co. LLC lifted its position in Microsoft by 51.3% during the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock worth $29,000 after acquiring an additional 20 shares in the last quarter. Bulwark Capital Corp purchased a new stake in shares of Microsoft during the second quarter valued at approximately $32,000. Westend Capital Management LLC lifted its position in shares of Microsoft by 386.7% during the second quarter. Westend Capital Management LLC now owns 73 shares of the software giant’s stock worth $36,000 after purchasing an additional 58 shares in the last quarter. LSV Asset Management purchased a new position in shares of Microsoft in the fourth quarter valued at $44,000. Finally, University of Illinois Foundation acquired a new stake in Microsoft during the 2nd quarter valued at $50,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSFT. HSBC lifted their price target on shares of Microsoft from $643.00 to $648.00 in a research note on Monday, October 27th. Wall Street Zen upgraded Microsoft from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Stifel Nicolaus set a $640.00 price objective on Microsoft in a research note on Thursday, October 30th. BNP Paribas Exane lifted their price objective on Microsoft from $630.00 to $632.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Citigroup increased their target price on Microsoft from $682.00 to $690.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have assigned a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $631.03.

View Our Latest Stock Report on MSFT

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $476.12 on Thursday. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10. The firm has a 50-day simple moving average of $501.05 and a 200 day simple moving average of $502.70. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a market cap of $3.54 trillion, a PE ratio of 33.86, a P/E/G ratio of 1.79 and a beta of 1.07.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its earnings results on Wednesday, October 29th. The software giant reported $4.13 EPS for the quarter, beating the consensus estimate of $3.65 by $0.48. The company had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.The business’s revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the company earned $3.30 earnings per share. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Shareholders of record on Thursday, February 19th will be paid a $0.91 dividend. This represents a $3.64 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is presently 25.89%.

Insider Activity

In related news, CEO Judson Althoff sold 12,750 shares of Microsoft stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the sale, the chief executive officer directly owned 129,349 shares in the company, valued at $63,577,620.48. This trade represents a 8.97% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Bradford L. Smith sold 38,500 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $518.64, for a total transaction of $19,967,640.00. Following the transaction, the insider directly owned 461,597 shares of the company’s stock, valued at $239,402,668.08. The trade was a 7.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is currently owned by company insiders.

About Microsoft

(Free Report)

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.

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