Bridgefront Capital LLC Invests $1.91 Million in Microsoft Co. (NASDAQ:MSFT)

Bridgefront Capital LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 4,520 shares of the software giant’s stock, valued at approximately $1,905,000. Microsoft comprises 0.6% of Bridgefront Capital LLC’s holdings, making the stock its 11th largest position.

Several other hedge funds have also recently added to or reduced their stakes in the business. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC raised its position in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Doliver Advisors LP grew its stake in shares of Microsoft by 7.2% in the 4th quarter. Doliver Advisors LP now owns 5,522 shares of the software giant’s stock valued at $2,328,000 after buying an additional 372 shares during the period. Finally, Insight Wealth Strategies LLC grew its stake in shares of Microsoft by 6.4% in the 4th quarter. Insight Wealth Strategies LLC now owns 12,559 shares of the software giant’s stock valued at $5,294,000 after buying an additional 752 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on MSFT shares. Raymond James boosted their target price on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Mizuho increased their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Finally, Cantor Fitzgerald lifted their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $515.68.

Microsoft Stock Performance

NASDAQ:MSFT opened at $479.14 on Tuesday. The company has a market capitalization of $3.56 trillion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $480.69. 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 firm has a 50-day moving average price of $430.54 and a two-hundred day moving average price of $418.94.

Microsoft (NASDAQ:MSFT) last issued its quarterly 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 net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the firm earned $2.94 earnings per share. The business’s revenue was up 13.3% compared to the same quarter last year. As a group, research analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is currently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft 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.