Microsoft Co. (NASDAQ:MSFT) Stock Holdings Lifted by Summit X LLC

Summit X LLC increased its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,837 shares of the software giant's stock after acquiring an additional 860 shares during the quarter. Microsoft makes up about 2.0% of Summit X LLC's holdings, making the stock its 14th biggest position. Summit X LLC's holdings in Microsoft were worth $9,206,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC grew its holdings in 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 buying an additional 35 shares during the period. Avondale Wealth Management increased its position in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the third quarter valued at about $62,000. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter worth $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were 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 $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 110,243 shares of company stock worth $48,619,618 in the last 90 days. Corporate insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on MSFT shares. Benchmark restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Piper Sandler reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $510.30.

Microsoft Stock Performance

Shares of MSFT traded down $0.70 during mid-day trading on Tuesday, reaching $458.17. 15,422,215 shares of the company's stock traded hands, compared to its average volume of 21,538,085. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business's 50-day moving average price is $396.84 and its 200-day moving average price is $412.71. The stock has a market capitalization of $3.41 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm 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 business earned $2.94 EPS. The firm's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's payout ratio is currently 25.66%.

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.