Cordant Inc. Has $129,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cordant Inc. increased its holdings in Microsoft Co. (NASDAQ:MSFT) by 647.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 344 shares of the software giant’s stock after purchasing an additional 298 shares during the period. Cordant Inc.’s holdings in Microsoft were worth $129,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of MSFT. Lodestone Wealth Management LLC boosted its holdings in Microsoft by 0.5% during the third quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after acquiring an additional 68 shares during the period. WJ Wealth Management LLC boosted its holdings in Microsoft by 4.8% during the third quarter. WJ Wealth Management LLC now owns 11,438 shares of the software giant’s stock valued at $3,611,000 after acquiring an additional 528 shares during the period. Navalign LLC boosted its holdings in Microsoft by 26.8% during the third quarter. Navalign LLC now owns 7,889 shares of the software giant’s stock valued at $2,491,000 after acquiring an additional 1,668 shares during the period. Dynamic Advisor Solutions LLC boosted its holdings in Microsoft by 9.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 132,839 shares of the software giant’s stock valued at $41,944,000 after acquiring an additional 11,068 shares during the period. Finally, Wade Financial Advisory Inc boosted its holdings in Microsoft by 3.5% during the third quarter. Wade Financial Advisory Inc now owns 3,595 shares of the software giant’s stock valued at $1,135,000 after acquiring an additional 120 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of recent analyst reports. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Macquarie upped their price objective on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their price objective on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $455.00 price objective on shares of Microsoft in a research report on Thursday, January 25th. Four analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’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 value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction 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 transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction on 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 directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

MSFT opened at $400.96 on Tuesday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The company’s 50 day simple moving average is $414.57 and its 200-day simple moving average is $386.37. The stock has a market capitalization of $2.98 trillion, a P/E ratio of 36.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the firm earned $2.32 earnings per share. The business’s revenue for the quarter was up 17.6% on a year-over-year basis. Sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. Microsoft’s payout ratio is presently 27.12%.

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.