First Trust Direct Indexing L.P. Grows Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

First Trust Direct Indexing L.P. grew its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 5.3% during the third quarter, HoldingsChannel.com reports. The firm owned 140,787 shares of the software giant’s stock after buying an additional 7,145 shares during the period. Microsoft makes up about 5.1% of First Trust Direct Indexing L.P.’s holdings, making the stock its 2nd biggest holding. First Trust Direct Indexing L.P.’s holdings in Microsoft were worth $44,453,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Adero Partners LLC raised its stake in Microsoft by 2.7% during the 2nd quarter. Adero Partners LLC now owns 16,815 shares of the software giant’s stock worth $5,726,000 after buying an additional 435 shares during the period. Planning Center Inc. raised its stake in Microsoft by 24.4% during the 2nd quarter. Planning Center Inc. now owns 4,849 shares of the software giant’s stock worth $1,651,000 after buying an additional 950 shares during the period. Cadian Capital Management LP raised its stake in Microsoft by 15.1% during the 2nd quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock worth $36,438,000 after buying an additional 14,000 shares during the period. Trivant Custom Portfolio Group LLC increased its holdings in Microsoft by 1.2% during the 2nd quarter. Trivant Custom Portfolio Group LLC now owns 19,877 shares of the software giant’s stock worth $6,769,000 after purchasing an additional 229 shares in the last quarter. Finally, Sweet Financial Partners LLC raised its stake in shares of Microsoft by 7.8% in the 2nd quarter. Sweet Financial Partners LLC now owns 13,301 shares of the software giant’s stock valued at $4,529,000 after purchasing an additional 961 shares during the period. Institutional investors and hedge funds own 69.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on MSFT shares. Wedbush reissued an “outperform” rating and issued a $450.00 price target on shares of Microsoft in a research note on Monday, January 29th. Argus upped their price target on Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research report on Tuesday, December 5th. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 1st. Evercore ISI reaffirmed an “outperform” rating and set a $432.00 price target on shares of Microsoft in a research report on Monday, November 20th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $455.00 price target on shares of Microsoft in a research report on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $411.06.

View Our Latest Analysis on Microsoft

Microsoft Stock Down 0.0 %

MSFT opened at $405.49 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The stock’s fifty day simple moving average is $383.06 and its 200 day simple moving average is $352.79. Microsoft Co. has a 1-year low of $245.61 and a 1-year high of $415.32. The stock has a market cap of $3.01 trillion, a PE ratio of 36.66, a price-to-earnings-growth ratio of 2.19 and a beta of 0.90.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the firm posted $2.32 EPS. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts expect that Microsoft Co. will post 11.6 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date is Wednesday, February 14th. Microsoft’s dividend payout ratio is 27.12%.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, EVP Kathleen T. Hogan sold 24,681 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $369.00, for a total transaction of $9,107,289.00. Following the sale, the executive vice president now directly owns 183,761 shares of the company’s stock, valued at approximately $67,807,809. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold a total of 72,984 shares of company stock valued at $28,978,803 in the last ninety days. 0.03% of the stock is currently owned by corporate insiders.

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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