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Tectonic Advisors LLC added to its holdings of shares of Microsoft Co. (NASDAQ:MSFT – Free report) by 15.0% during the 4th quarter, according to its latest filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,962 shares of the software giant after purchasing an additional 1,556 shares during the period. Tectonic Advisors LLC’s stakes in Microsoft were worth $4,498,000 when it last filed with the Securities and Exchange Commission (SEC).
Other hedge funds have also recently increased or reduced their stakes in the company. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter worth about $28,000. Atlantic Private Wealth LLC increased its stake in Microsoft by 534.5% in the 2nd quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC acquired a new position in Microsoft during the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft in the 4th quarter valued at approximately $83,000. 71.13% of shares are owned by institutional investors and hedge funds.
Insiders place their bets
In other Microsoft news, Insider Bradford L. Smith sold 45,000 shares of stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The sale was disclosed in a filing with the Securities & Exchange Commission, available via this link. Also, Executive Vice President Kathleen T. Hogan sold 21,955 shares of stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. Disclosure of this sale can be found here. Insiders sold 1,070,258 shares of the company’s stock valued at $30,690,456 over the last three months. Company insiders own 0.03% of the company’s stock.
Analysts set new price targets
MSFT has been the subject of several analyst reports. Raymond James increased their price target on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company raised their price objective on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Macquarie raised their price objective on shares of Microsoft from $430.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Jefferies Financial Group raised their price objective on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Mizuho raised their price objective on shares of Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a research note on Friday, December 15th. Four analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $425.52.
Check out our latest report on MSFT
Microsoft Stock Performance
MSFT Stock opened at $425.52 Monday. The company has a current ratio of 1.22, a quick ratio of 1.20, and a debt-to-equity ratio of 0.19. The company has a market capitalization of $3.16 trillion, a P/E ratio of 38.47, a P/E/G ratio of 2.27, and a beta of 0.89. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The stock’s 50-day simple moving average is $413.32 and its 200-day simple moving average is $378.72.
Microsoft (NASDAQ:MSFT – Get a free report) last released its quarterly results on Tuesday, January 30. The software giant reported earnings per share (EPS) of $2.93 for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft achieved a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period of the previous year, the company recorded an EPS of $2.32. The company’s revenue increased by 17.6% compared to the same quarter last year. As a group, equity research analysts predict that Microsoft Co. will post 11.61 EPS for the current year.
Microsoft dividend announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday June 13th. Shareholders of record on Thursday, May 16 will receive a dividend of $0.75. This represents an annualized dividend of $3.00 and a yield of 0.71%. The ex-dividend date is Wednesday, May 15. Microsoft’s dividend payout ratio is currently 27.12%.
About Microsoft
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 consumer office services, such as Microsoft 365 consumer subscriptions, on-premises Office licenses, and other office services.
Further reading
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