Brooklyn FI LLC Takes $10.68 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Brooklyn FI LLC bought a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 25,077 shares of the software giant's stock, valued at approximately $10,675,000. Microsoft accounts for approximately 1.7% of Brooklyn FI LLC's portfolio, making the stock its 9th biggest holding.

Other institutional investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter worth $38,000. IFS Advisors LLC lifted its position 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 stake in shares of Microsoft during the 4th quarter worth $44,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Down 0.6%

NASDAQ MSFT opened at $477.40 on Friday. The business has a 50 day simple moving average of $437.84 and a 200 day simple moving average of $420.40. Microsoft Corporation has a one year low of $344.79 and a one year high of $483.46. The stock has a market capitalization 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 company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter last year, the firm posted $2.94 earnings per share. The firm's revenue was up 13.3% on a year-over-year basis. Research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid 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 is currently 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Company insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Wedbush reaffirmed an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Cantor Fitzgerald increased their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. TD Securities increased their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company reiterated an "overweight" rating and issued a $565.00 target price (up from $515.00) on shares of Microsoft in a research report on Friday, June 13th. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

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.

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