HBK Sorce Advisory LLC Has $37 Million Position in Microsoft Co. (NASDAQ:MSFT)

HBK Sorce Advisory LLC increased its position in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 87,786 shares of the software giant’s stock after purchasing an additional 2,254 shares during the quarter. Microsoft makes up 1.1% of HBK Sorce Advisory LLC’s portfolio, making the stock its 10th largest holding. HBK Sorce Advisory LLC’s holdings in Microsoft were worth $37,002,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC lifted its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new stake in shares of Microsoft during the 3rd quarter worth $62,000. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter worth $62,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Wedbush upped their price objective on Microsoft from $475.00 to $515.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. UBS Group cut their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Royal Bank of Canada lifted their price target on Microsoft from $500.00 to $525.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. BMO Capital Markets lifted their price target on Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group raised their price objective on Microsoft from $450.00 to $480.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $510.30.

Insider Activity

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 94,243 shares of company stock worth $41,288,738. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $458.87 on Tuesday. Microsoft Co. has a one year low of $344.79 and a one year high of $468.35. The stock has a fifty day moving average of $396.84 and a 200-day moving average of $412.71. The company has a market capitalization of $3.41 trillion, a PE ratio of 36.95, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.72%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.