Arcadia Wealth Management Inc. Invests $673,000 in Microsoft Corporation (NASDAQ:MSFT)

Arcadia Wealth Management Inc. 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 Form 13F filing with the Securities & Exchange Commission. The firm bought 1,596 shares of the software giant's stock, valued at approximately $673,000. Microsoft comprises about 0.6% of Arcadia Wealth Management Inc.'s holdings, making the stock its 29th largest position.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares during the last quarter. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $44,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $477.40 on Friday. Microsoft Corporation has a one year low of $344.79 and a one year high of $483.46. The stock has a market cap of $3.55 trillion, a P/E ratio of 36.89, a P/E/G ratio of 2.43 and a beta of 1.03. The stock's fifty day moving average is $437.84 and its 200 day moving average is $420.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates 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 return on equity of 32.74% and a net margin of 35.79%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.94 EPS. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on MSFT shares. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a research report on Sunday. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Tigress Financial boosted their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Finally, Jefferies Financial Group raised their target price 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. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 1,000 shares of the business's stock in a transaction on 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 sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. 0.03% of the stock is owned by 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.

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.