Congress Park Capital LLC Grows Holdings in Microsoft Co. (NASDAQ:MSFT)

Congress Park Capital LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT) by 6.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,669 shares of the software giant’s stock after buying an additional 1,373 shares during the period. Microsoft comprises about 4.3% of Congress Park Capital LLC’s holdings, making the stock its 4th largest position. Congress Park Capital LLC’s holdings in Microsoft were worth $8,900,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth about $28,000. Atlantic Private Wealth LLC boosted its holdings in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC purchased a new position in Microsoft during the second quarter worth about $601,000. Hibernia Wealth Partners LLC purchased a new position in Microsoft during the third quarter worth about $69,000. Finally, Iron Horse Wealth Management LLC boosted its holdings in 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 during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $411.84 on Thursday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The company has a market cap of $3.06 trillion, a PE ratio of 37.24, a PEG ratio of 2.20 and a beta of 0.89. The firm’s 50-day moving average price is $415.48 and its 200-day moving average price is $384.15. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Insider Buying and Selling

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Macquarie boosted their price target on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. KeyCorp began coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price on the stock. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Finally, Royal Bank of Canada boosted their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $431.03.

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.