Broadway Wealth Solutions Inc. Takes $2.31 Million Position in Microsoft Co. (NASDAQ:MSFT)

Broadway Wealth Solutions Inc. acquired a new position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 5,485 shares of the software giant's stock, valued at approximately $2,312,000. Microsoft comprises about 1.8% of Broadway Wealth Solutions Inc.'s holdings, making the stock its 11th largest position.

Several other large investors have also made changes to their positions in MSFT. Boussard & Gavaudan Investment Management LLP acquired a new stake in shares of Microsoft in the fourth quarter valued at about $71,268,000. X Square Capital LLC raised its position in shares of Microsoft by 0.8% during the 4th quarter. X Square Capital LLC now owns 6,158 shares of the software giant's stock valued at $2,596,000 after acquiring an additional 50 shares in the last quarter. New Age Alpha Advisors LLC lifted its holdings in shares of Microsoft by 437.9% in the 4th quarter. New Age Alpha Advisors LLC now owns 134,786 shares of the software giant's stock worth $56,812,000 after purchasing an additional 109,727 shares during the last quarter. Covington Investment Advisors Inc. raised its holdings in shares of Microsoft by 0.9% during the fourth quarter. Covington Investment Advisors Inc. now owns 89,325 shares of the software giant's stock valued at $37,650,000 after buying an additional 797 shares during the last quarter. Finally, Providence Capital Advisors LLC grew its stake in shares of Microsoft by 17.0% in the fourth quarter. Providence Capital Advisors LLC now owns 44,411 shares of the software giant's stock worth $18,719,000 after purchasing an additional 6,445 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the subject of several analyst reports. Wall Street Zen raised Microsoft from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday. Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. JPMorgan Chase & Co. raised their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $513.13.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business's 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. The trade was a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Price Performance

MSFT traded up $3.81 on Thursday, hitting $467.68. 20,083,146 shares of the stock were exchanged, compared to its average volume of 21,471,689. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $469.58. The firm has a market capitalization of $3.48 trillion, a price-to-earnings ratio of 37.66, a PEG ratio of 2.21 and a beta of 1.03. The business has a 50-day moving average of $413.59 and a two-hundred day moving average of $415.95.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analysts' expectations of $68.54 billion. During the same period last year, the firm posted $2.94 earnings per share. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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