Aurdan Capital Management LLC Buys New Shares in Microsoft Corporation (NASDAQ:MSFT)

Aurdan Capital Management LLC acquired a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,369 shares of the software giant's stock, valued at approximately $2,685,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. raised its position in Microsoft by 6.1% during 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 during the period. 1900 Wealth Management LLC lifted its stake in shares of Microsoft by 3.0% in the 4th 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 during the last quarter. Strategic Financial Services Inc. boosted its holdings in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. increased its position in shares of Microsoft by 147.9% during the 4th 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 during the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research firms recently weighed in on MSFT. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Piper Sandler reaffirmed an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Bank of America decreased their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Finally, Barclays boosted their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were 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 in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.6%

Shares of NASDAQ MSFT traded down $2.84 during mid-day trading on Friday, reaching $477.40. 37,241,095 shares of the company were exchanged, compared to its average volume of 21,567,146. The firm has a 50-day moving average of $437.84 and a 200 day moving average of $420.47. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $483.46. 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 stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the business earned $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. On average, research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared 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. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Microsoft Company 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.