14,861 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Runnymede Capital Advisors Inc.

Runnymede Capital Advisors Inc. bought a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 14,861 shares of the software giant's stock, valued at approximately $6,264,000. Microsoft makes up about 5.5% of Runnymede Capital Advisors Inc.'s investment portfolio, making the stock its 5th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% during the 4th 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 stake in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares in the last quarter. Fairway Wealth LLC acquired a new stake in Microsoft in the 4th quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft in the 4th quarter worth about $141,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Jefferies Financial Group boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley boosted their target price on shares of Microsoft from $472.00 to $482.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Stifel Nicolaus boosted their target price 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. Four equities research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $513.13.

Microsoft Trading Up 0.0%

Shares of NASDAQ:MSFT traded up $0.09 during trading on Friday, reaching $458.77. The stock had a trading volume of 34,758,620 shares, compared to its average volume of 21,504,528. The firm's fifty day moving average is $409.00 and its 200 day moving average is $415.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The stock has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.21 and a beta of 0.99.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft's payout ratio is presently 25.66%.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on 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 transaction, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now owns 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock worth $58,375,673 in the last quarter. Company insiders own 0.03% of the company's stock.

Microsoft Company 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.