Synergy Financial Group LTD Has $5.07 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Synergy Financial Group LTD boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 5.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,158 shares of the software giant’s stock after acquiring an additional 1,146 shares during the quarter. Microsoft accounts for 10.0% of Synergy Financial Group LTD’s portfolio, making the stock its largest position. Synergy Financial Group LTD’s holdings in Microsoft were worth $5,074,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Iron Horse Wealth Management LLC bought a new position in Microsoft in the 4th quarter valued at $26,000. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft in the first quarter valued at $28,000. Hanseatic Management Services Inc. raised its holdings in shares of Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares during the last quarter. Retirement Financial Solutions LLC acquired a new position in Microsoft during the 4th quarter worth about $40,000. Finally, PayPay Securities Corp bought a new stake in Microsoft during the 4th quarter worth about $54,000. 69.15% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on MSFT. Citigroup upped their target price on shares of Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. Bank of America upped their price objective on Microsoft from $320.00 to $340.00 in a report on Wednesday, April 26th. Royal Bank of Canada lifted their target price on Microsoft from $285.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Rosenblatt Securities upped their price target on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Finally, Fundamental Research lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Tuesday, May 2nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

Insider Transactions at Microsoft

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 sale, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, CMO Christopher C. Capossela sold 5,081 shares of the firm’s stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $312.54, for a total value of $1,588,015.74. Following the completion of the transaction, the chief marketing officer now directly owns 94,328 shares of the company’s stock, valued at $29,481,273.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 4,767 shares of the business’s stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold a total of 49,848 shares of company stock valued at $15,050,877 over the last 90 days. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 0.9 %

MSFT opened at $314.00 on Thursday. The firm’s fifty day simple moving average is $288.14 and its 200 day simple moving average is $260.15. The stock has a market capitalization of $2.33 trillion, a P/E ratio of 34.02, a P/E/G ratio of 2.74 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. Microsoft Co. has a 12 month low of $213.43 and a 12 month high of $314.43.

Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings data on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The company had revenue of $52.86 billion during the quarter, compared to analysts’ expectations of $51.01 billion. During the same period in the prior year, the firm earned $2.22 earnings per share. Microsoft’s revenue for the quarter was up 7.1% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.87%. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Microsoft Profile

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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.