Microsoft Co. (NASDAQ:MSFT) Shares Purchased by X Square Capital LLC

X Square Capital LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% in the 4th quarter, HoldingsChannel reports. The fund owned 6,158 shares of the software giant’s stock after buying an additional 50 shares during the quarter. X Square Capital LLC’s holdings in Microsoft were worth $2,596,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its holdings in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management grew its holdings in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $120,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the company’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 completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 132,743 shares of company stock valued at $58,835,683 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.2%

NASDAQ MSFT opened at $462.97 on Wednesday. The firm’s 50 day moving average price is $411.89 and its two-hundred day moving average price is $415.62. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The stock has a market cap of $3.44 trillion, a price-to-earnings ratio of 37.28, a PEG ratio of 2.21 and a beta of 0.99.

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

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of several research reports. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. BMO Capital Markets reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Wedbush restated an “outperform” rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Raymond James lifted their price target on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $513.13.

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.