Brooklyn FI LLC Buys New Position in Microsoft Co. (NASDAQ:MSFT)

Brooklyn FI LLC bought a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 25,077 shares of the software giant’s stock, valued at approximately $10,675,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management boosted its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Fairway Wealth LLC bought a new position in Microsoft in the fourth quarter worth approximately $62,000. Finally, Kieckhefer Group LLC bought a new position in Microsoft in the fourth quarter worth approximately $141,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $450.18 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $3.35 trillion, a price-to-earnings ratio of 36.25, a PEG ratio of 2.21 and a beta of 0.99. The stock has a 50 day moving average of $402.37 and a 200 day moving average of $413.85. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business posted $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is currently 25.66%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now directly owns 98,010 shares of the company’s stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares of the company’s stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,743 shares of company stock valued at $58,375,673 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Barclays increased their price target on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Microsoft in a report on Wednesday. Morgan Stanley raised their target price on Microsoft from $472.00 to $482.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Finally, Needham & Company LLC restated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $513.13.

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.