Once Capital Management LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Once Capital Management LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,800 shares of the software giant's stock after acquiring an additional 2,400 shares during the quarter. Microsoft comprises about 2.7% of Once Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Once Capital Management LLC's holdings in Microsoft were worth $12,561,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft in the fourth quarter worth about $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after buying an additional 35 shares during the period. Avondale Wealth Management raised its holdings in shares of Microsoft by 144.4% during the fourth 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. MidAtlantic Capital Management Inc. acquired a new stake in shares of Microsoft during the third quarter valued at approximately $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft during the fourth quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT traded down $0.70 during trading hours on Tuesday, hitting $458.17. 15,422,215 shares of the company traded hands, compared to its average volume of 21,559,327. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a 50-day moving average of $396.84 and a 200 day moving average of $412.71. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

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, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 EPS. On average, analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders 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 dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is 25.66%.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were 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 approximately $44,906,221.80. This represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the company'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 in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 110,243 shares of company stock worth $48,619,618. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Royal Bank of Canada boosted their price target on shares of Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Bank of America lowered their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Wells Fargo & Company boosted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, The Goldman Sachs Group boosted their price objective on shares of Microsoft from $450.00 to $480.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $510.30.

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.