Flower City Capital Acquires 191 Shares of Microsoft Co. (NASDAQ:MSFT)

Flower City Capital increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 6.2% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 3,248 shares of the software giant’s stock after purchasing an additional 191 shares during the period. Microsoft accounts for 0.9% of Flower City Capital’s holdings, making the stock its 11th biggest holding. Flower City Capital’s holdings in Microsoft were worth $1,221,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Monumental Financial Group Inc. acquired a new stake in Microsoft in the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC boosted its stake in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares in the last quarter. Infrastructure Capital Advisors LLC acquired a new stake in Microsoft in the second quarter valued at approximately $601,000. Hibernia Wealth Partners LLC acquired a new stake in Microsoft in the third quarter valued at approximately $69,000. Finally, Iron Horse Wealth Management LLC boosted its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were 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 of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 in the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

MSFT opened at $421.90 on Monday. The firm has a market capitalization of $3.13 trillion, a PE ratio of 38.15, a PEG ratio of 2.25 and a beta of 0.89. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82. The firm’s 50-day moving average price is $415.19 and its 200 day moving average price is $382.55. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 EPS. As a group, sell-side analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company 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 $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.71%. Microsoft’s payout ratio is 27.12%.

Analyst Ratings Changes

Several brokerages have weighed in on MSFT. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. KeyCorp assumed coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Jefferies Financial Group lifted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Wedbush reiterated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday. Four equities research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $430.52.

Microsoft 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.