Fidelity D & D Bancorp Inc. Acquires 858 Shares of Microsoft Corporation (NASDAQ:MSFT)

Fidelity D & D Bancorp Inc. boosted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 10.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,967 shares of the software giant's stock after buying an additional 858 shares during the period. Microsoft makes up 2.5% of Fidelity D & D Bancorp Inc.'s investment portfolio, making the stock its 13th biggest holding. Fidelity D & D Bancorp Inc.'s holdings in Microsoft were worth $3,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC grew its position in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. increased its stake in Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after acquiring an additional 28 shares during the last quarter. Finally, RMR Wealth Builders raised its holdings in shares of Microsoft by 3.6% in the 4th quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock valued at $20,931,000 after acquiring an additional 1,739 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on MSFT. DA Davidson boosted their price objective on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. UBS Group cut their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Mizuho raised their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Four equities research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $515.68.

Microsoft Stock Performance

Microsoft stock opened at $477.40 on Friday. 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 firm has a market cap 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. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $483.46. The firm has a 50-day moving average of $437.84 and a 200-day moving average of $420.40.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. Sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

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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