Redhawk Wealth Advisors Inc. Raises Stake in Microsoft Corporation $MSFT

Key Points

• Redhawk Wealth Advisors Inc. increased its stake in Microsoft by 3.7%, acquiring an additional 597 shares, and now holds 16,657 shares worth approximately $8.3 million.
• Microsoft recently announced a quarterly dividend increase from $0.83 to $0.91, set to be paid on December 11th, 2023, with a current annualized dividend yield of 0.7%.
• Analysts have raised their price targets for Microsoft significantly, with recommendations including a target increase to $675 and an overall rating of "Moderate Buy."

Redhawk Wealth Advisors Inc. boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.7% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 16,657 shares of the software giant's stock after buying an additional 597 shares during the period. Microsoft makes up approximately 1.0% of Redhawk Wealth Advisors Inc.'s investment portfolio, making the stock its 22nd largest holding. Redhawk Wealth Advisors Inc.'s holdings in Microsoft were worth $8,285,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of MSFT. Fosun International Ltd boosted its position in Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Birchbrook Inc. boosted its position in Microsoft by 0.4% in the 1st quarter. Birchbrook Inc. now owns 6,326 shares of the software giant's stock worth $2,375,000 after purchasing an additional 23 shares in the last quarter. Gagnon Securities LLC boosted its position in Microsoft by 3.5% in the 1st quarter. Gagnon Securities LLC now owns 704 shares of the software giant's stock worth $264,000 after purchasing an additional 24 shares in the last quarter. Alliance Wealth Management Group boosted its position in Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares in the last quarter. Finally, Guidance Point Advisors LLC lifted its position in shares of Microsoft by 0.6% during the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSFT shares. Cantor Fitzgerald increased their target price on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a research report on Thursday, July 31st. KeyCorp upgraded Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price on the stock in a research report on Thursday, July 31st. Jefferies Financial Group increased their target price on Microsoft from $600.00 to $675.00 and gave the company a "buy" rating in a research report on Thursday, July 31st. Royal Bank Of Canada increased their target price on Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Finally, Scotiabank increased their target price on Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $614.45.

Microsoft Stock Up 0.9%

NASDAQ MSFT opened at $511.46 on Friday. The business has a fifty day moving average price of $512.03 and a 200 day moving average price of $462.06. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The company has a market cap of $3.80 trillion, a P/E ratio of 37.50, a P/E/G ratio of 2.21 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%.The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the prior year, the company earned $2.95 EPS. The firm's revenue was up 18.1% compared to the same quarter last year. Microsoft has set its Q1 2026 guidance at EPS. Research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, December 11th. Shareholders of record on Thursday, November 20th will be paid a $0.91 dividend. This is a boost from Microsoft's previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. Microsoft's dividend payout ratio is 24.34%.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 149,205 shares of the firm's stock in a transaction on Wednesday, September 3rd. The stock was sold at an average price of $504.78, for a total value of $75,315,699.90. Following the completion of the sale, the chief executive officer directly owned 790,852 shares of the company's stock, valued at $399,206,272.56. This trade represents a 15.87% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company's stock, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.03% of the stock is owned by company insiders.

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.

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