Fortress Financial Group LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Fortress Financial Group LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 3,015 shares of the software giant's stock, valued at approximately $1,271,000. Microsoft accounts for 1.3% of Fortress Financial Group LLC's portfolio, making the stock its 19th largest holding.

Several other hedge funds also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. purchased a new stake in Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC lifted its stake in 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 in the last quarter. Avondale Wealth Management boosted its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after purchasing an additional 65 shares during the period. MidAtlantic Capital Management Inc. purchased a new stake in Microsoft during the 3rd quarter worth approximately $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the 4th quarter worth approximately $141,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated 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 owns 471,036 shares in the company, valued at $204,038,664.12. This trade represents a 1.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Performance

Shares of MSFT stock traded up $0.04 during mid-day trading on Wednesday, hitting $433.35. The stock had a trading volume of 23,291,874 shares, compared to its average volume of 21,367,253. The firm has a market cap of $3.22 trillion, a PE ratio of 34.89, a PEG ratio of 2.21 and a beta of 0.99. The company's 50-day simple moving average is $386.48 and its 200-day simple moving average is $411.27. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 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 firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the firm earned $2.94 earnings per share. The firm's revenue was up 13.3% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.77%. The ex-dividend date is Thursday, May 15th. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several research firms recently commented on MSFT. TD Securities boosted their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. upped their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Jefferies Financial Group raised their price target on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, UBS Group lowered their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Five equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $507.77.

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.