82,657 Shares in Microsoft Corporation (NASDAQ:MSFT) Bought by DSG Capital Advisors LLC

DSG Capital Advisors LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 82,657 shares of the software giant's stock, valued at approximately $34,840,000. Microsoft makes up approximately 6.3% of DSG Capital Advisors LLC's investment portfolio, making the stock its 2nd largest position.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the last quarter. LSV Asset Management bought a new position in shares of Microsoft in the 4th quarter valued at about $44,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analysts Set New Price Targets

A number of research firms have weighed in on MSFT. Raymond James Financial raised their price target on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company reissued an "overweight" rating and issued a $565.00 target price (up from $515.00) on shares of Microsoft in a research note on Friday, June 13th. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, Barclays boosted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Price Performance

NASDAQ:MSFT opened at $477.40 on Monday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $483.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm's 50-day simple moving average is $437.84 and its 200 day simple moving average is $420.28. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.42 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.70%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's 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 owns 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction 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 company's 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 sale, the insider now directly 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. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

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.

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