Corrigan Financial Inc. Has $1.67 Million Position in Microsoft Co. (NASDAQ:MSFT)

Corrigan Financial Inc. lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,980 shares of the software giant’s stock after selling 92 shares during the period. Corrigan Financial Inc.’s holdings in Microsoft were worth $1,674,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Johnson Bixby & Associates LLC grew its holdings in Microsoft by 0.4% during the first quarter. Johnson Bixby & Associates LLC now owns 6,481 shares of the software giant’s stock valued at $2,727,000 after purchasing an additional 25 shares during the last quarter. Vishria Bird Financial Group LLC grew its holdings in Microsoft by 0.4% during the first quarter. Vishria Bird Financial Group LLC now owns 36,679 shares of the software giant’s stock valued at $15,431,000 after purchasing an additional 135 shares during the last quarter. Rovin Capital UT ADV grew its holdings in Microsoft by 47.2% during the first quarter. Rovin Capital UT ADV now owns 3,482 shares of the software giant’s stock valued at $1,465,000 after purchasing an additional 1,116 shares during the last quarter. American Financial Advisors LLC grew its holdings in Microsoft by 9.1% during the first quarter. American Financial Advisors LLC now owns 4,697 shares of the software giant’s stock valued at $1,976,000 after purchasing an additional 390 shares during the last quarter. Finally, Core Wealth Management Inc. boosted its position in shares of Microsoft by 37.6% in the first quarter. Core Wealth Management Inc. now owns 1,351 shares of the software giant’s stock valued at $568,000 after acquiring an additional 369 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on MSFT. Macquarie increased their price objective on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Citigroup reduced their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. UBS Group reissued a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Royal Bank of Canada raised their target price on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Trading Up 2.2 %

MSFT stock traded up $8.82 during midday trading on Friday, reaching $406.66. The stock had a trading volume of 17,446,724 shares, compared to its average volume of 20,613,484. The business has a fifty day simple moving average of $413.68 and a two-hundred day simple moving average of $390.05. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.02 trillion, a price-to-earnings ratio of 35.21, a PEG ratio of 2.10 and a beta of 0.89. Microsoft Co. has a twelve month low of $303.40 and a twelve month high of $430.82.

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

Microsoft Announces Dividend

The business 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 dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The sale was disclosed in a document filed with the SEC, which is available through this link. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated 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 transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft 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 transaction, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,025,258 shares of company stock worth $12,160,356. Insiders own 0.03% of the company’s stock.

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.