X Square Capital LLC Buys 50 Shares of Microsoft Co. (NASDAQ:MSFT)

X Square Capital LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,158 shares of the software giant’s stock after acquiring an additional 50 shares during the period. X Square Capital LLC’s holdings in Microsoft were worth $2,596,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. purchased a new position in Microsoft during the fourth quarter valued at $38,000. IFS Advisors LLC grew its stake 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 purchasing an additional 35 shares during the period. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC purchased a new position in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Microsoft during the 4th quarter valued at about $120,000. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business’s 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 in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 132,743 shares of company stock worth $58,835,683. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on MSFT. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America cut their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Tuesday, April 15th. TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Cantor Fitzgerald increased their price target on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Citigroup upped their price objective on Microsoft from $480.00 to $540.00 and gave the stock a “buy” rating in a research note on Thursday, May 15th. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $513.13.

Microsoft Stock Up 0.2%

Microsoft stock opened at $462.97 on Wednesday. The firm has a market cap of $3.44 trillion, a price-to-earnings ratio of 37.28, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $468.35. The business’s 50-day moving average price is $411.89 and its 200 day moving average price is $415.62. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $68.54 billion. During the same period last year, the company earned $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

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.