Copley Financial Group Inc. Has $1.29 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Copley Financial Group Inc. grew its stake in Microsoft Corporation (NASDAQ:MSFT) by 58.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,066 shares of the software giant’s stock after purchasing an additional 1,133 shares during the period. Microsoft makes up approximately 1.0% of Copley Financial Group Inc.’s holdings, making the stock its 17th largest holding. Copley Financial Group Inc.’s holdings in Microsoft were worth $1,292,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the 4th quarter worth about $31,000. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC grew its position in shares of 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 purchasing an additional 35 shares during the period. LSV Asset Management acquired a new position in Microsoft in the 4th quarter worth $44,000. Finally, Fairway Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Benchmark restated a “buy” rating on shares of Microsoft in a research note 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. Jefferies Financial Group upped their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Westpark Capital reissued a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $515.68.

Microsoft Trading Down 0.6%

NASDAQ:MSFT opened at $477.40 on Friday. The company has a market cap of $3.55 trillion, a PE ratio of 36.89, a PEG ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a one year low of $344.79 and a one year high of $483.46. The firm has a 50-day moving average of $437.84 and a 200-day moving average of $420.40. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT) last posted 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 net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The company’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft’s payout ratio is 25.66%.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. Company insiders own 0.03% of the company’s stock.

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.