Microsoft Co. (NASDAQ:MSFT) is Fidelity D & D Bancorp Inc.’s 9th Largest Position

Fidelity D & D Bancorp Inc. cut its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 4.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 7,806 shares of the software giant’s stock after selling 377 shares during the period. Microsoft comprises approximately 2.3% of Fidelity D & D Bancorp Inc.’s holdings, making the stock its 9th largest position. Fidelity D & D Bancorp Inc.’s holdings in Microsoft were worth $2,935,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in MSFT. High Pines Wealth Management LLC increased its position in shares of Microsoft by 1.3% during the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the period. Sonen Capital LLC increased its position in shares of Microsoft by 0.3% during the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after acquiring an additional 28 shares during the period. Perritt Capital Management Inc. increased its position in shares of Microsoft by 3.3% during the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after acquiring an additional 30 shares during the period. Noble Family Wealth LLC boosted its stake in shares of Microsoft by 1.3% during the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock valued at $736,000 after purchasing an additional 31 shares in the last quarter. Finally, O Connor Financial Group LLC boosted its stake in shares of Microsoft by 1.4% during the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after purchasing an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Down 0.2 %

MSFT stock opened at $420.72 on Monday. The stock has a market capitalization of $3.13 trillion, a P/E ratio of 38.04, a P/E/G ratio of 2.24 and a beta of 0.89. The firm has a 50-day simple moving average of $411.26 and a 200-day simple moving average of $375.18. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52 week low of $275.37 and a 52 week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the business posted $2.32 earnings per share. Equities analysts forecast that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.71%. Microsoft’s payout ratio is presently 27.12%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on MSFT. Barclays increased their price objective on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Mizuho increased 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. Piper Sandler reiterated an “overweight” rating and set a $455.00 price objective on shares of Microsoft in a research note on Thursday, January 25th. DA Davidson reiterated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Finally, Wells Fargo & Company increased 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. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $423.34.

Read Our Latest Report on MSFT

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by insiders.

About Microsoft

(Free Report)

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.

Featured Articles

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.