Broadway Wealth Solutions Inc. Acquires New Holdings in Microsoft Co. (NASDAQ:MSFT)

Broadway Wealth Solutions Inc. acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,485 shares of the software giant’s stock, valued at approximately $2,312,000. Microsoft accounts for about 1.8% of Broadway Wealth Solutions Inc.’s investment portfolio, making the stock its 11th largest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in MSFT. Norges Bank bought a new position in Microsoft during the fourth quarter valued at approximately $44,343,058,000. Proficio Capital Partners LLC raised its position in Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Vanguard Group Inc. raised its position in Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Assenagon Asset Management S.A. raised its position in Microsoft by 76.6% in the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after acquiring an additional 4,568,539 shares during the period. Finally, Geode Capital Management LLC raised its position in Microsoft by 2.0% in the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock worth $70,790,682,000 after acquiring an additional 3,264,648 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the transaction, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 132,743 shares of company stock worth $58,835,683 in the last three months. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $462.97 on Wednesday. The firm’s fifty day moving average is $411.89 and its two-hundred day moving average is $415.62. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $3.44 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 EPS. The business’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend 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%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. DA Davidson increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. UBS Group decreased their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. Raymond James increased their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Four analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $513.13.

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.