Capital Advantage Inc. Has $6.66 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Capital Advantage Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 0.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 15,808 shares of the software giant’s stock after selling 65 shares during the period. Microsoft makes up 1.2% of Capital Advantage Inc.’s portfolio, making the stock its 19th biggest holding. Capital Advantage Inc.’s holdings in Microsoft were worth $6,663,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Fiduciary Advisors Inc. acquired a new stake in Microsoft during the fourth quarter worth about $38,000. IFS Advisors LLC raised its holdings in Microsoft by 53.8% in 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 in the last quarter. LSV Asset Management acquired a new position in Microsoft in the 4th quarter valued at approximately $44,000. Avondale Wealth Management raised its holdings in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 0.9%

Shares of MSFT opened at $479.14 on Tuesday. The firm has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.03. 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 business’s fifty day moving average price is $430.54 and its two-hundred day moving average price is $418.94. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $480.69.

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. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company earned $2.94 EPS. On average, analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on MSFT shares. Cantor Fitzgerald upped their price target on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Tigress Financial upped their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a report on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $515.68.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction on 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 directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company’s stock.

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.