Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Financial Avengers Inc.

Financial Avengers Inc. increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.5% in the fourth quarter, Holdings Channel reports. The firm owned 15,903 shares of the software giant’s stock after acquiring an additional 236 shares during the period. Microsoft accounts for 3.2% of Financial Avengers Inc.’s investment portfolio, making the stock its 9th biggest position. Financial Avengers Inc.’s holdings in Microsoft were worth $6,703,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC raised its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the period. LSV Asset Management acquired a new position in shares of Microsoft during the fourth quarter worth about $44,000. Avondale Wealth Management lifted its stake in shares of Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft in the fourth quarter worth about $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now directly owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.2%

Shares of NASDAQ:MSFT opened at $478.04 on Wednesday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $480.69. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.55 trillion, a PE ratio of 36.94, a P/E/G ratio of 2.44 and a beta of 1.03. The company’s 50-day moving average price is $432.29 and its 200 day moving average price is $419.32.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company posted $2.94 EPS. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. Microsoft’s dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Mizuho raised their target price on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research note on Wednesday, May 21st. Wall Street Zen downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $515.68.

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.