5,170 Shares in Microsoft Co. (NASDAQ:MSFT) Bought by Potomac Fund Management Inc. ADV

Potomac Fund Management Inc. ADV acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 5,170 shares of the software giant's stock, valued at approximately $2,179,000. Microsoft accounts for 2.0% of Potomac Fund Management Inc. ADV's portfolio, making the stock its 4th largest position.

A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the fourth 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. grew its position 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 purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its position in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its position in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ MSFT opened at $470.38 on Friday. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $473.34. The company has a 50-day simple moving average of $417.20 and a 200 day simple moving average of $416.67. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market capitalization of $3.50 trillion, a PE ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the company posted $2.94 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on MSFT shares. Citigroup lifted their price objective on shares of Microsoft from $480.00 to $540.00 and gave the company a "buy" rating in a research report on Thursday, May 15th. Guggenheim reissued a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. Stifel Nicolaus lifted 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. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Finally, Tigress Financial lifted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $513.59.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

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.

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