Microsoft Co. (NASDAQ:MSFT) Stock Position Reduced by Ledge Wealth Management Inc.

Ledge Wealth Management Inc. lessened its position in shares of Microsoft Co. (NASDAQ:MSFT) by 10.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,891 shares of the software giant’s stock after selling 1,110 shares during the period. Microsoft comprises 1.4% of Ledge Wealth Management Inc.’s portfolio, making the stock its 16th largest position. Ledge Wealth Management Inc.’s holdings in Microsoft were worth $3,720,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Hibernia Wealth Partners LLC bought a new stake in shares of Microsoft in the 3rd quarter worth approximately $69,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Microsoft in the 3rd quarter worth approximately $87,000. Family CFO Inc increased its position in Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the period. Finally, Cordant Inc. increased its position in Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, 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 completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now 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 90 days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $399.04 on Friday. The stock has a market cap of $2.97 trillion, a PE ratio of 36.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The business has a fifty day simple moving average of $414.44 and a 200-day simple moving average 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 12 month low of $292.73 and a 12 month high of $430.82.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. Microsoft’s revenue was up 17.6% compared to the same quarter last year. During the same quarter last year, the firm posted $2.32 earnings per share. On average, sell-side analysts anticipate that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend 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 27.12%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on MSFT. Macquarie raised their target price on Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a research report on Thursday, January 18th. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research report on Friday, March 15th. Finally, Citigroup lowered their target price on Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

About Microsoft

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.