Microsoft Co. (NASDAQ:MSFT) is Corundum Group Inc.’s 9th Largest Position

Corundum Group Inc. grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 1.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,136 shares of the software giant’s stock after purchasing an additional 258 shares during the quarter. Microsoft makes up approximately 3.4% of Corundum Group Inc.’s portfolio, making the stock its 9th biggest position. Corundum Group Inc.’s holdings in Microsoft were worth $6,820,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sicart Associates LLC boosted its position in shares of Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after buying an additional 26 shares during the last quarter. Mayfair Advisory Group LLC boosted its position in shares of Microsoft by 0.7% during the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after buying an additional 27 shares during the last quarter. O Connor Financial Group LLC boosted its position in shares of Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after buying an additional 31 shares during the last quarter. Navis Wealth Advisors LLC boosted its position in shares of Microsoft by 2.1% during the third quarter. Navis Wealth Advisors LLC now owns 1,507 shares of the software giant’s stock valued at $476,000 after buying an additional 31 shares during the last quarter. Finally, Kaizen Financial Strategies boosted its position in shares of Microsoft by 0.4% during the fourth quarter. Kaizen Financial Strategies now owns 7,807 shares of the software giant’s stock valued at $2,936,000 after buying an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. DA Davidson reaffirmed a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Piper Sandler reissued an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research report on Thursday, January 25th. Barclays raised their target price on Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Finally, BMO Capital Markets raised their target price on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Four equities research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $434.05.

Microsoft Trading Down 2.4 %

Shares of Microsoft stock opened at $399.04 on Friday. The firm has a market cap of $2.97 trillion, a price-to-earnings ratio of 36.08, a PEG ratio of 2.20 and a beta of 0.89. The business has a 50-day moving average price of $414.44 and a 200-day moving average price of $387.17. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a twelve month low of $292.73 and a twelve month high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share 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 during the quarter, compared to analyst estimates of $61.14 billion. During the same quarter last year, the business posted $2.32 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

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