Bridgefront Capital LLC increased its position in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 168.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,468 shares of the software giant’s stock after purchasing an additional 2,805 shares during the quarter. Microsoft makes up 1.1% of Bridgefront Capital LLC’s portfolio, making the stock its 6th biggest position. Bridgefront Capital LLC’s holdings in Microsoft were worth $1,041,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. DGS Capital Management LLC grew its position in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after buying an additional 2,383 shares during the period. IFM Investors Pty Ltd grew its position in shares of Microsoft by 20.8% in the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock valued at $351,001,000 after purchasing an additional 196,338 shares during the period. Altus Wealth Group LLC grew its position in shares of Microsoft by 1.2% in the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock valued at $3,919,000 after purchasing an additional 152 shares during the period. Powell Investment Advisors LLC grew its position in shares of Microsoft by 16.2% in the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock valued at $795,000 after purchasing an additional 359 shares during the period. Finally, Onyx Bridge Wealth Group LLC lifted its stake in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock valued at $1,921,000 after acquiring an additional 512 shares in the last quarter. 69.15% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction that occurred on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now owns 788,625 shares of the company’s stock, valued at $196,272,990. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Christopher C. Capossela sold 1,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the sale, the chief marketing officer now directly owns 116,362 shares in the company, valued at $31,687,699.84. The disclosure for this sale can be found here. Insiders sold 6,767 shares of company stock valued at $1,728,111 over the last 90 days. Corporate insiders own 0.03% of the company’s stock.
Microsoft Stock Up 4.1 %
Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, January 24th. The software giant reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.27 by $0.05. Microsoft had a return on equity of 39.87% and a net margin of 33.05%. The business had revenue of $52.75 billion during the quarter, compared to analyst estimates of $53.17 billion. During the same quarter in the previous year, the business earned $2.48 earnings per share. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. On average, equities analysts predict that Microsoft Co. will post 9.34 EPS for the current year.
Microsoft Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be paid a $0.68 dividend. This represents a $2.72 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is 30.22%.
Analysts Set New Price Targets
Several research firms have commented on MSFT. UBS Group set a $250.00 target price on Microsoft in a research note on Tuesday. Wolfe Research dropped their price objective on Microsoft from $280.00 to $265.00 and set an “outperform” rating on the stock in a research note on Wednesday, January 25th. Piper Sandler upped their price target on Microsoft from $247.00 to $290.00 and gave the company an “overweight” rating in a research report on Wednesday, February 8th. Wedbush upped their price target on Microsoft from $280.00 to $290.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Finally, BMO Capital Markets lowered Microsoft from an “outperform” rating to a “market perform” rating and decreased their target price for the stock from $267.00 to $265.00 in a research report on Wednesday, January 25th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twenty-seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $285.58.
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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