Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Fiduciary Financial Group LLC

Fiduciary Financial Group LLC increased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,309 shares of the software giant’s stock after acquiring an additional 373 shares during the period. Microsoft comprises 0.8% of Fiduciary Financial Group LLC’s investment portfolio, making the stock its 23rd biggest position. Fiduciary Financial Group LLC’s holdings in Microsoft were worth $3,900,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MSFT. Christopher J. Hasenberg Inc boosted its stake in shares of Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares during the period. Quarry LP purchased a new position in shares of Microsoft in the 2nd quarter valued at about $45,000. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% in 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 period. MidAtlantic Capital Management Inc. purchased a new position in shares of Microsoft in the 3rd quarter valued at about $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft in the 4th quarter valued at about $141,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Royal Bank of Canada restated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Thursday, January 30th. JPMorgan Chase & Co. decreased their target price on Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a research note on Thursday, October 31st. UBS Group decreased their target price on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research note on Thursday, January 30th. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $515.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, BMO Capital Markets decreased their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research note on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Stock Performance

Shares of Microsoft stock opened at $408.25 on Monday. The firm has a fifty day moving average of $425.20 and a two-hundred day moving average of $423.04. The stock has a market capitalization of $3.03 trillion, a price-to-earnings ratio of 32.87, a PEG ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. 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 (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same period in the previous year, the company posted $2.93 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio is 26.73%.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. This trade represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $3,493,820 in the last three months. Insiders own 0.03% of the company’s stock.

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.