Fiduciary Alliance LLC Boosts Position in Microsoft Corporation (NASDAQ:MSFT)

Fiduciary Alliance LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,192 shares of the software giant's stock after purchasing an additional 1,940 shares during the period. Microsoft comprises about 3.8% of Fiduciary Alliance LLC's holdings, making the stock its 3rd largest holding. Fiduciary Alliance LLC's holdings in Microsoft were worth $38,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its stake in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after buying an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC lifted its stake in shares of Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after buying an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel grew its holdings in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group increased its position in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after acquiring an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Barclays upped their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities boosted their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. raised their price target on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Stock Down 0.3%

MSFT stock opened at $495.94 on Friday. The business's 50-day moving average price is $449.47 and its 200-day moving average price is $422.12. The stock has a market cap of $3.69 trillion, a P/E ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $499.30.

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 analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 EPS. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction dated 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 transaction, the insider now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.