Bridgeworth LLC Has $2.93 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Bridgeworth LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 3.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,783 shares of the software giant’s stock after selling 250 shares during the period. Bridgeworth LLC’s holdings in Microsoft were worth $2,927,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Lodestone Wealth Management LLC grew 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 purchasing an additional 68 shares during the last quarter. McBroom & Associates LLC grew its stake in Microsoft by 3.3% in the 3rd quarter. McBroom & Associates LLC now owns 19,769 shares of the software giant’s stock valued at $6,242,000 after buying an additional 623 shares during the last quarter. Community Trust & Investment Co. raised its holdings in Microsoft by 4.6% in the 3rd quarter. Community Trust & Investment Co. now owns 213,733 shares of the software giant’s stock worth $67,486,000 after acquiring an additional 9,478 shares during the period. Traynor Capital Management Inc. lifted its position in Microsoft by 0.6% during the 3rd quarter. Traynor Capital Management Inc. now owns 39,602 shares of the software giant’s stock worth $12,504,000 after acquiring an additional 245 shares during the last quarter. Finally, Essex LLC boosted its holdings in Microsoft by 3.5% during the third quarter. Essex LLC now owns 17,626 shares of the software giant’s stock valued at $5,565,000 after acquiring an additional 592 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT stock opened at $406.66 on Friday. The stock’s fifty day moving average is $413.68 and its 200-day moving average is $390.05. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52 week low of $303.40 and a 52 week high of $430.82. The stock has a market capitalization of $3.02 trillion, a PE ratio of 35.21, a PEG ratio of 2.10 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter last year, the company posted $2.45 EPS. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts expect that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a $0.75 dividend. 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 0.74%. Microsoft’s payout ratio is 25.97%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s 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 transaction, the executive vice president now 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 Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the 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 in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,025,258 shares of company stock valued at $12,160,356. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Raymond James reissued an “outperform” rating and issued a $480.00 price objective (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. UBS Group reaffirmed a “buy” rating and set a $480.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. The Goldman Sachs Group increased their price target on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Finally, Jefferies Financial Group boosted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $452.61.

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.