Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Syverson Strege & Co

Syverson Strege & Co grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 231.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,741 shares of the software giant's stock after buying an additional 1,216 shares during the period. Syverson Strege & Co's holdings in Microsoft were worth $734,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC boosted its position in 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 purchasing an additional 35 shares during the last quarter. Avondale Wealth Management boosted its position in Microsoft by 144.4% in 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. Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter worth about $62,000. Finally, Kieckhefer Group LLC purchased a new position in Microsoft in the fourth quarter worth about $141,000. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.2%

Microsoft stock traded up $0.98 during mid-day trading on Tuesday, hitting $462.95. The company's stock had a trading volume of 7,888,285 shares, compared to its average volume of 21,432,333. The company has a 50 day moving average of $410.44 and a 200-day moving average of $415.29. The stock has a market cap of $3.44 trillion, a PE ratio of 37.27, a P/E/G ratio of 2.21 and a beta of 0.99. 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 one year low of $344.79 and a one year high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (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 company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the business earned $2.94 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS 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 given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on MSFT shares. Mizuho lifted their price objective on Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Evercore ISI set a $515.00 price objective on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. TD Securities lifted their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen raised Microsoft from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $513.13.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 132,743 shares of company stock worth $58,835,683. 0.03% of the stock is owned by insiders.

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.