2 weeks Ago By ABMN Staff
Fiduciary Alliance LLC lifted its stake in shares of Microsoft Co. ( NASDAQ:MSFT – Free Report ) by 7.6% in the second quarter, according to the company in its most recent filing with the SEC.
The fund owned 82,603 shares of the software giant’s stock after buying an additional 5,856 shares during the quarter. Microsoft comprises about 6.2% of Fiduciary Alliance LLC’s portfolio, making the stock its largest holding.
Fiduciary Alliance LLC’s holdings in Microsoft were worth $37,938,000 as of its most recent filing with the SEC. A number of other hedge funds also recently modified their holdings of the stock. Friedenthal Financial acquired a new stake in Microsoft in the 4th quarter worth about $45,000.
Richardson Capital Management LLC increased its holdings in Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the period.
Neo Ivy Capital Management bought a new position in Microsoft in the 4th quarter valued at about $58,000. Bellevue Group AG increased its holdings in Microsoft by 47.5% in the 1st quarter.
Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the period. Finally, PayPay Securities Corp increased its holdings in Microsoft by 23.7% in the 4th quarter.
PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.
Analyst Upgrades and Downgrades Several equities analysts have commented on MSFT shares. BMO Capital Markets raised their target price on shares of Microsoft from $465.00 to $500.
00 and gave the company an “outperform” rating in a report on Friday, July 12th. Tigress Financial lifted their price target on shares of Microsoft from $475.00 to $550.
00 and gave the company a “buy” rating in a report on Thursday, June 13th. Argus lifted their price target on shares of Microsoft from $475.00 to $526.
00 and gave the company a “buy” rating in a report on Tuesday, July 9th. Truist Financial reaffirmed a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, June 17th.
Finally, Morgan Stanley decreased 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 research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $494.
72. Insider Buying and Selling at Microsoft In other news, CEO Satya Nadella sold 14,398 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $417.
41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.
53. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink . In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd.
The shares were sold at an average price of $417.41, for a total transaction of $6,009,869.18.
Following the completion of the transaction, the chief executive officer now owns 786,933 shares in the company, valued at $328,473,703.53. The transaction was disclosed in a document filed with the SEC, which is available through this link .
Also, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated 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 owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83.
The disclosure for this sale can be found here . 0.03% of the stock is currently owned by company insiders.
Microsoft Stock Up 0.6 % Microsoft stock opened at $413.12 on Friday.
The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.
16. Microsoft Co. has a 12-month low of $309.
45 and a 12-month high of $468.35. The firm’s fifty day moving average is $432.
99 and its 200 day moving average is $422.74. The company has a market capitalization of $3.
07 trillion, a PE ratio of 35.77, a PEG ratio of 2.11 and a beta of 0.
90. Microsoft ( NASDAQ:MSFT – Get Free Report ) last released its earnings results on Tuesday, July 30th. The software giant reported $2.
95 earnings per share (EPS) for the quarter, beating 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 company had revenue of $64.73 billion for the quarter, compared to the consensus estimate of $64.38 billion.
During the same quarter in the previous year, the company earned $2.69 EPS. Microsoft’s quarterly revenue was up 15.
2% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Co. will post 13.
04 EPS for the current fiscal year. Microsoft Dividend Announcement The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.
75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.
00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 25.
97%. 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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