Bridgefront Capital LLC Purchases Shares of 4,520 Microsoft Corporation (NASDAQ:MSFT)

Bridgefront Capital LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,520 shares of the software giant's stock, valued at approximately $1,905,000. Microsoft makes up approximately 0.6% of Bridgefront Capital LLC's portfolio, making the stock its 11th biggest holding.

Several other large investors have also modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC lifted its position in 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 acquiring an additional 35 shares during the period. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter valued at approximately $44,000. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Corporate insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Saturday, June 14th. Barclays lifted their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Scotiabank upped their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Finally, Wells Fargo & Company restated an "overweight" rating and set a $565.00 price objective (up from $515.00) on shares of Microsoft in a research report on Friday, June 13th. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Stock Down 0.6%

NASDAQ:MSFT traded down $2.81 on Friday, reaching $477.44. The stock had a trading volume of 18,742,218 shares, compared to its average volume of 21,487,285. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $483.25. The stock has a market cap of $3.55 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a 50-day moving average of $436.07 and a 200 day moving average of $420.16.

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 the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 EPS. On average, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.