Fairway Wealth LLC Invests $62,000 in Microsoft Co. (NASDAQ:MSFT)

Fairway Wealth LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 148 shares of the software giant’s stock, valued at approximately $62,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC increased its stake in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. lifted its holdings in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after acquiring an additional 18,052 shares during the last quarter. Centric Wealth Management lifted its holdings in Microsoft by 0.7% in the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant’s stock valued at $6,789,000 after acquiring an additional 112 shares during the last quarter. 1900 Wealth Management LLC lifted its stake in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Microsoft by 2.4% during the third quarter. The Manufacturers Life Insurance Company now owns 9,250,128 shares of the software giant’s stock worth $3,980,299,000 after purchasing an additional 217,509 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company’s stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,243 shares of company stock valued at $41,288,738. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Jefferies Financial Group increased their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Stifel Nicolaus raised their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Bank of America dropped their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Five investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $510.30.

Microsoft Stock Performance

NASDAQ:MSFT opened at $454.27 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.38 trillion, a price-to-earnings ratio of 36.58, a PEG ratio of 2.21 and a beta of 0.99. The firm’s fifty day simple moving average is $395.33 and its 200 day simple moving average is $412.48. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft’s payout ratio is currently 25.66%.

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.