Fiduciary Group LLC Sells 4,321 Shares of Microsoft Co. (NASDAQ:MSFT)

Fiduciary Group LLC cut its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,962 shares of the software giant’s stock after selling 4,321 shares during the period. Microsoft accounts for 4.3% of Fiduciary Group LLC’s portfolio, making the stock its 3rd largest position. Fiduciary Group LLC’s holdings in Microsoft were worth $36,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently added to or reduced their stakes in MSFT. Financial Security Advisor Inc. increased its holdings in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares during the period. Gunderson Capital Management Inc. increased its holdings in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares during the period. Rappaport Reiches Capital Management LLC increased its holdings in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after acquiring an additional 1,067 shares during the period. RNC Capital Management LLC increased its holdings in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares during the period. Finally, Clarity Financial LLC grew its position in Microsoft by 4.9% in the 4th quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after buying an additional 2,681 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $414.67 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock’s fifty day moving average price is $416.58 and its two-hundred day moving average price is $400.40. Microsoft Co. has a one year low of $309.45 and a one year high of $433.60. The firm has a market cap of $3.08 trillion, a price-to-earnings ratio of 35.90, a P/E/G ratio of 2.27 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same period last year, the firm posted $2.45 earnings per share. On average, equities analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced 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. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft’s dividend payout ratio is presently 25.97%.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on MSFT. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Friday, May 24th. Raymond James restated an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Piper Sandler restated an “overweight” rating and set a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a research report on Friday, April 26th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $456.83.

Get Our Latest Report on Microsoft

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on 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 disclosure for this sale can be found here. 0.03% of the stock is owned by corporate insiders.

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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