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

Brooklyn FI LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,077 shares of the software giant's stock, valued at approximately $10,675,000. Microsoft accounts for about 1.7% of Brooklyn FI LLC's portfolio, making the stock its 9th largest holding.

Several other institutional investors also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the 4th quarter valued at $31,000. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management acquired a new position in Microsoft during the fourth quarter worth about $44,000. Finally, Fairway Wealth LLC bought a new stake in Microsoft in the fourth quarter worth about $62,000. 71.13% of the stock is owned by institutional investors.

Microsoft Price Performance

Microsoft stock traded up $2.16 on Wednesday, reaching $492.27. The company's stock had a trading volume of 17,469,689 shares, compared to its average volume of 21,557,214. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $494.48. The company has a market cap of $3.66 trillion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.47 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The business's fifty day moving average price is $441.90 and its 200 day moving average price is $420.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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 firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The company's revenue was up 13.3% on a year-over-year basis. Equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insiders Place Their Bets

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

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Wells Fargo & Company lifted their target price on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Scotiabank lifted their price target on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. Finally, Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Four 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, the company has an average rating of "Moderate Buy" and a consensus price target of $519.43.

Microsoft 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.