Foundation Wealth Management LLC PA Takes $374,000 Position in Microsoft Co. (NASDAQ:MSFT)

Foundation Wealth Management LLC PA bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 888 shares of the software giant's stock, valued at approximately $374,000.

Several other hedge funds have also recently added to or reduced their stakes in the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth approximately $38,000. IFS Advisors LLC increased its holdings 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 period. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. Fairway Wealth LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft in the 4th quarter valued at $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSFT shares. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a report on Thursday, May 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. JPMorgan Chase & Co. lifted their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. DA Davidson lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $0.90 during trading on Wednesday, hitting $463.87. 14,135,414 shares of the company were exchanged, compared to its average volume of 21,449,429. The company has a market cap of $3.45 trillion, a price-to-earnings ratio of 37.35, a PEG ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35. The firm's fifty day moving average price is $411.89 and its 200 day moving average price is $415.62. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the previous year, the firm earned $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 132,743 shares of company stock worth $58,835,683. Corporate 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.