Fjell Capital LLC Has $3.45 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Fjell Capital LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,186 shares of the software giant's stock after acquiring an additional 812 shares during the quarter. Microsoft makes up about 3.5% of Fjell Capital LLC's holdings, making the stock its 6th largest holding. Fjell Capital LLC's holdings in Microsoft were worth $3,448,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter worth approximately $38,000. LSV Asset Management purchased a new position in Microsoft in the fourth quarter worth approximately $44,000. Fairway Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter worth $62,000. Finally, IFS Advisors LLC boosted its position in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares during the period. Institutional investors and hedge funds own 71.13% of the company's stock.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last quarter. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT traded up $7.16 on Friday, reaching $498.25. The company had a trading volume of 13,984,829 shares, compared to its average volume of 21,692,275. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. 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 has a 50 day simple moving average of $461.41 and a 200 day simple moving average of $423.67. The company has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 2.26 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm 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 business's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business earned $2.94 earnings per share. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. The Goldman Sachs Group raised their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Evercore ISI set a $515.00 target price on Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Scotiabank lifted their target price on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

About Microsoft

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.