Cordant Inc. Has $129,000 Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Cordant Inc. increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 647.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 344 shares of the software giant’s stock after buying an additional 298 shares during the quarter. Cordant Inc.’s holdings in Microsoft were worth $129,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of MSFT. Lodestone Wealth Management LLC raised its stake in shares of Microsoft by 0.5% during the third quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after acquiring an additional 68 shares during the last quarter. WJ Wealth Management LLC raised its stake in shares of Microsoft by 4.8% during the third quarter. WJ Wealth Management LLC now owns 11,438 shares of the software giant’s stock valued at $3,611,000 after acquiring an additional 528 shares during the last quarter. Navalign LLC raised its stake in shares of Microsoft by 26.8% during the third quarter. Navalign LLC now owns 7,889 shares of the software giant’s stock valued at $2,491,000 after acquiring an additional 1,668 shares during the last quarter. Dynamic Advisor Solutions LLC raised its stake in shares of Microsoft by 9.1% during the third quarter. Dynamic Advisor Solutions LLC now owns 132,839 shares of the software giant’s stock valued at $41,944,000 after acquiring an additional 11,068 shares during the last quarter. Finally, Wade Financial Advisory Inc raised its stake in shares of Microsoft by 3.5% during the third quarter. Wade Financial Advisory Inc now owns 3,595 shares of the software giant’s stock valued at $1,135,000 after acquiring an additional 120 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on MSFT shares. UBS Group reiterated a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Barclays increased their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. BMO Capital Markets increased their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Finally, Royal Bank of Canada increased their price objective on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

Microsoft Stock Up 0.5 %

MSFT opened at $400.96 on Tuesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The company’s 50-day moving average is $414.57 and its 200 day moving average is $386.37. Microsoft Co. has a fifty-two week low of $275.37 and a fifty-two week high of $430.82. The firm has a market capitalization of $2.98 trillion, a P/E ratio of 36.25, a PEG ratio of 2.16 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, topping the consensus estimate of $2.76 by $0.17. The business 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%. The company’s revenue for the quarter was up 17.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.32 earnings per share. Research analysts expect that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is 27.12%.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now owns 570,826 shares in the company, valued at $231,823,855.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was 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 of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Company insiders own 0.03% of the company’s stock.

Microsoft Company 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.