OxenFree Capital LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

OxenFree Capital LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,432 shares of the software giant’s stock, valued at approximately $1,667,000. Microsoft makes up approximately 1.7% of OxenFree Capital LLC’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Lodestone Wealth Management LLC increased its holdings in shares of Microsoft by 0.5% in the 3rd quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after purchasing an additional 68 shares in the last quarter. Valicenti Advisory Services Inc. increased its holdings in Microsoft by 2.1% in the third quarter. Valicenti Advisory Services Inc. now owns 51,407 shares of the software giant’s stock valued at $16,232,000 after buying an additional 1,051 shares in the last quarter. Roman Butler Fullerton & Co. lifted its position in shares of Microsoft by 6.2% during the 3rd quarter. Roman Butler Fullerton & Co. now owns 28,852 shares of the software giant’s stock valued at $9,456,000 after acquiring an additional 1,686 shares during the period. Greenwood Capital Associates LLC boosted its stake in shares of Microsoft by 0.4% during the 3rd quarter. Greenwood Capital Associates LLC now owns 73,984 shares of the software giant’s stock worth $23,360,000 after acquiring an additional 273 shares in the last quarter. Finally, Aurora Private Wealth Inc. grew its holdings in shares of Microsoft by 38.8% in the 3rd quarter. Aurora Private Wealth Inc. now owns 5,264 shares of the software giant’s stock worth $1,662,000 after acquiring an additional 1,472 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.4 %

MSFT opened at $412.32 on Friday. The stock has a market capitalization of $3.06 trillion, a PE ratio of 35.70, a P/E/G ratio of 2.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a 12-month low of $306.26 and a 12-month high of $430.82. The firm’s fifty day moving average price is $413.90 and its 200 day moving average price is $392.17.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.45 earnings per share. As a group, research analysts expect that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Wall Street Analyst Weigh In

A number of research firms have commented on MSFT. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a research report on Thursday, January 18th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. BMO Capital Markets lifted their target price 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. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, March 15th. Finally, Piper Sandler restated an “overweight” rating and set a $465.00 price objective (up from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.

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 office consumer services, such as Microsoft 365 consumer subscriptions, Office licensed on-premises, and other office services.