Kozak & Associates Inc. buy 1,336 shares of Microsoft Co. (NASDAQ:MSFT)

Kozak & Associates Inc. increased its stake in Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.5% during the first quarter, Holdings Channel reports. The firm owned 55,743 shares of the software giant’s stock after buying an additional 1,336 shares during the period. Microsoft comprises about 6.3% of Kozak & Associates Inc.’s portfolio, making the stock its 5th largest holding. Holdings held by Kozak & Associates Inc. holdings in Microsoft were worth $23,467,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Friedenthal Financial purchased a new position in Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new stake in shares of Microsoft during the fourth quarter valued at about $58,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. PayPay Securities Corp boosted its holdings in shares of Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares in the last quarter. Finally, Bellevue Group AG raised its stake in Microsoft by 47.5% in the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s shares.

The Wall Street analyst weighs in

Several research firms have commented on MSFT. Evercore ISI upped their target price on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. JPMorgan Chase & Co. upped their target price on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Goldman Sachs Group boosted their price target on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, April 26th. New Street Research started coverage on Microsoft in a research report on Monday, June 10th. They set a “buy” rating and a $570.00 price objective for the company. Finally, Morgan Stanley cut their price target on shares of Microsoft from $520.00 to $506.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. The stock currently has a consensus rating of “Moderate Buy” and an average target price of $494.72, based on data from MarketBeat.

Check out our latest analysis of Microsoft

Insiders place their bets

In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC’s website. 0.03% of shares are currently owned by company insiders.

Microsoft stock down 2.0%

Shares of Microsoft stock opened at $415.55 on Friday. Microsoft Co. it has a one year low of $309.45 and a one year high of $468.35. The company has a market cap of $3.09 trillion, a P/E ratio of 35.98, a PEG ratio of 2.11 and a beta of 0.90. The company has a debt-to-equity ratio of 0.16, a quick ratio of 1.23, and a current ratio of 1.27. The firm has a fifty day moving average of $435.57 and a two hundred day moving average of $422.62.

Microsoft (NASDAQ:MSFT – Get Free Report ) last announced its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm had revenue of $64.73 billion during the quarter, compared to the consensus estimate of $64.38 billion. In the same quarter last year, the company earned $2.69 per share. The company’s revenue was up 15.2% compared to the same quarter last year. On average, analysts estimate that Microsoft Co. will post 13.04 earnings per share for the current year.

Microsoft dividend announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a dividend of $3.00 on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, August 15. Microsoft’s dividend payout ratio is currently 25.97%.

Microsoft company profile

(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 consumer office services, such as Microsoft 365 consumer subscriptions, on-premise Office licensing, and other office services.

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