Condor Capital Management Has $21.37 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Condor Capital Management cut its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 1.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 50,692 shares of the software giant's stock after selling 849 shares during the quarter. Microsoft accounts for 1.9% of Condor Capital Management's holdings, making the stock its 13th biggest position. Condor Capital Management's holdings in Microsoft were worth $21,367,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at about $38,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management increased its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new stake in Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 131,743 shares of company stock worth $58,375,673. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

MSFT traded up $0.09 during trading hours on Friday, reaching $458.77. The company's stock had a trading volume of 34,758,620 shares, compared to its average volume of 21,504,528. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The company's 50-day moving average is $409.00 and its 200-day moving average is $415.11. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $3.41 trillion, a PE ratio of 36.94, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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 return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared 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 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of a number of research reports. Scotiabank increased their target price on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Mizuho increased their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Barclays increased their target price on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

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.