Wealthedge Investment Advisors LLC Takes Position in Microsoft Corporation (NASDAQ:MSFT)

Wealthedge Investment Advisors LLC bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 8,146 shares of the software giant's stock, valued at approximately $3,433,000. Microsoft comprises about 1.5% of Wealthedge Investment Advisors LLC's holdings, making the stock its 16th biggest holding.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC increased 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 acquiring an additional 35 shares during the last quarter. LSV Asset Management acquired a new position in shares of Microsoft during the 4th quarter worth approximately $44,000. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth approximately $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction 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 sale, the executive vice president now directly owns 47,058 shares in the company, valued at $21,647,150.58. This represents a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was 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 of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT traded up $8.60 during trading on Monday, reaching $486.00. 24,799,749 shares of the company traded hands, compared to its average volume of 21,528,626. The company's 50 day moving average is $439.81 and its two-hundred day moving average is $420.58. The firm has a market capitalization of $3.61 trillion, a PE ratio of 37.56, a PEG ratio of 2.42 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $489.80.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. During the same period in the prior year, the company posted $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.68%. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. JPMorgan Chase & Co. boosted their target price on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Wells Fargo & Company reissued an "overweight" rating and set a $565.00 target price (up from $515.00) on shares of Microsoft in a report on Friday, June 13th. Raymond James Financial boosted their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $515.68.

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.