Bridgeworth LLC Has $2.04 Million Position in Microsoft Co. (NASDAQ:MSFT)

Bridgeworth LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTGet Rating) by 21.5% in the fourth quarter, HoldingsChannel reports. The firm owned 8,496 shares of the software giant’s stock after purchasing an additional 1,502 shares during the quarter. Bridgeworth LLC’s holdings in Microsoft were worth $2,037,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in shares of Microsoft by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares during the last quarter. State Street Corp raised its holdings in Microsoft by 0.7% in the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Microsoft by 0.3% in the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares during the period. Alliancebernstein L.P. raised its position in shares of Microsoft by 0.4% during the third quarter. Alliancebernstein L.P. now owns 49,440,386 shares of the software giant’s stock worth $11,514,665,000 after acquiring an additional 208,765 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its holdings in Microsoft by 0.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 40,345,546 shares of the software giant’s stock valued at $9,396,477,000 after acquiring an additional 215,103 shares during the last quarter. 69.15% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. Atlantic Securities lifted their target price on shares of Microsoft from $290.00 to $330.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 26th. Evercore ISI boosted their target price on shares of Microsoft from $295.00 to $337.00 in a report on Wednesday, April 26th. JPMorgan Chase & Co. boosted their price target on Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Rosenblatt Securities boosted their price target on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Wedbush boosted their price target on Microsoft from $325.00 to $340.00 in a research note on Thursday, May 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $323.28.

Insider Buying and Selling

In related news, CMO Christopher C. Capossela sold 5,000 shares of the firm’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total value of $1,550,250.00. Following the completion of the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at $34,169,370.30. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the business’s stock in a transaction dated Friday, May 5th. The shares were sold at an average price of $310.05, for a total value of $1,550,250.00. Following the completion of the sale, the chief marketing officer now directly owns 110,206 shares of the company’s stock, valued at approximately $34,169,370.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CMO Christopher C. Capossela sold 5,081 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares of the company’s stock, valued at $29,481,273.12. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock worth $16,635,227 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 1.8 %

Shares of NASDAQ:MSFT opened at $315.26 on Wednesday. The stock has a 50 day moving average of $293.30 and a 200 day moving average of $263.09. The company has a market cap of $2.34 trillion, a PE ratio of 34.16, a price-to-earnings-growth ratio of 2.83 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 12-month low of $213.43 and a 12-month high of $322.72.

Microsoft (NASDAQ:MSFTGet Rating) last posted its earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. During the same period in the prior year, the company earned $2.22 EPS. The company’s quarterly revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts expect that Microsoft Co. will post 9.66 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a yield of 0.86%. Microsoft’s dividend payout ratio is presently 29.47%.

About Microsoft

(Get Rating)

Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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