Mendel Capital Management LLC Buys 817 Shares of Microsoft Co. (NASDAQ:MSFT)

Mendel Capital Management LLC lifted its stake in Microsoft Co. (NASDAQ:MSFT) by 7.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,126 shares of the software giant’s stock after acquiring an additional 817 shares during the quarter. Microsoft makes up 3.3% of Mendel Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Mendel Capital Management LLC’s holdings in Microsoft were worth $4,560,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Iron Horse Wealth Management LLC increased its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after acquiring an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in shares of Microsoft in the third quarter worth $87,000. Family CFO Inc increased its stake in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the last quarter. Cordant Inc. increased its stake in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after acquiring an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Microsoft in the fourth quarter worth $146,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $406.66 on Monday. Microsoft Co. has a 12-month low of $303.40 and a 12-month high of $430.82. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.02 trillion, a PE ratio of 35.21, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. The firm has a 50-day moving average price of $413.68 and a 200 day moving average price of $390.88.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping 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 analyst estimates of $60.86 billion. During the same quarter in the prior year, the business posted $2.45 earnings per share. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. Research analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred 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 completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have commented on MSFT. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and set a $465.00 target price (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Citigroup lowered their target price on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Finally, Raymond James reissued an “outperform” rating and set a $480.00 target price (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

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.