Congress Park Capital LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT) by 37.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,567 shares of the software giant’s stock after purchasing an additional 6,992 shares during the quarter. Microsoft makes up approximately 3.6% of Congress Park Capital LLC’s holdings, making the stock its 7th biggest position. Congress Park Capital LLC’s holdings in Microsoft were worth $4,032,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the business. Private Vista LLC raised its holdings in shares of Microsoft by 21.7% during the 1st quarter. Private Vista LLC now owns 33,144 shares of the software giant’s stock worth $5,226,000 after acquiring an additional 5,910 shares in the last quarter. Concentrum Wealth Management purchased a new stake in shares of Microsoft during the 1st quarter worth approximately $497,000. Dohj LLC raised its holdings in shares of Microsoft by 7.7% during the 1st quarter. Dohj LLC now owns 15,997 shares of the software giant’s stock worth $2,523,000 after acquiring an additional 1,146 shares in the last quarter. Hyperion Asset Management Ltd raised its holdings in shares of Microsoft by 5.4% during the 1st quarter. Hyperion Asset Management Ltd now owns 412,828 shares of the software giant’s stock worth $65,107,000 after acquiring an additional 21,262 shares in the last quarter. Finally, Smith Capital Management Inc. AR ADV raised its holdings in shares of Microsoft by 6.1% during the 1st quarter. Smith Capital Management Inc. AR ADV now owns 3,497 shares of the software giant’s stock worth $551,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 71.23% of the company’s stock.

In other news, EVP Margaret L. Johnson sold 35,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $176.08, for a total transaction of $6,162,800.00. Following the transaction, the executive vice president now owns 50,023 shares of the company’s stock, valued at approximately $8,808,049.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CAO Frank H. Brod sold 3,000 shares of the stock in a transaction on Friday, May 1st. The stock was sold at an average price of $176.94, for a total value of $530,820.00. Following the transaction, the chief accounting officer now directly owns 57,136 shares in the company, valued at approximately $10,109,643.84. The disclosure for this sale can be found here. 1.39% of the stock is currently owned by corporate insiders.

Several analysts have recently issued reports on MSFT shares. Goldman Sachs Group upped their price objective on Microsoft from $162.00 to $185.00 and gave the stock a “buy” rating in a report on Thursday, April 30th. Raymond James reaffirmed a “buy” rating and set a $208.00 price objective on shares of Microsoft in a report on Thursday, April 30th. Piper Sandler decreased their price objective on Microsoft from $199.00 to $192.00 and set an “overweight” rating on the stock in a report on Tuesday, March 31st. Morgan Stanley restated a “buy” rating and set a $198.00 price target on shares of Microsoft in a report on Friday, May 15th. Finally, Nomura Securities increased their price target on Microsoft from $161.00 to $195.00 and gave the company a “buy” rating in a report on Friday, January 31st. Two equities research analysts have rated the stock with a hold rating, thirty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $190.66.

MSFT stock opened at $183.51 on Friday. The company has a quick ratio of 2.88, a current ratio of 2.90 and a debt-to-equity ratio of 0.61. The business’s fifty day simple moving average is $173.97 and its two-hundred day simple moving average is $163.12. Microsoft Co. has a twelve month low of $119.01 and a twelve month high of $190.70. The firm has a market cap of $1,391.64 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 2.52 and a beta of 0.95.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 29th. The software giant reported $1.40 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.13. Microsoft had a return on equity of 40.37% and a net margin of 33.36%. The business had revenue of $35.02 billion for the quarter, compared to the consensus estimate of $33.70 billion. During the same quarter in the prior year, the company earned $1.14 EPS. The business’s revenue was up 14.6% compared to the same quarter last year. Research analysts expect that Microsoft Co. will post 5.69 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 11th. Stockholders of record on Thursday, May 21st will be given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 1.11%. The ex-dividend date of this dividend is Wednesday, May 20th. Microsoft’s payout ratio is 42.95%.

About Microsoft

Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. Its company's Productivity and Business Processes segment offers Office 365 commercial products and services, such as Office, Exchange, SharePoint, Skype for Business, Microsoft Teams, and related Client Access Licenses (CALs); Office 365 consumer services, including Skype, Outlook.com, and OneDrive; LinkedIn online professional network; and Dynamics business solutions comprising financial management, enterprise resource planning, customer relationship management, supply chain management, and analytics applications for small and medium businesses, large organizations, and divisions of enterprises.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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