Fortress Financial Group LLC Purchases 37 Shares of Microsoft Corporation (NASDAQ:MSFT)

Fortress Financial Group LLC increased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,052 shares of the software giant’s stock after acquiring an additional 37 shares during the period. Microsoft makes up about 1.1% of Fortress Financial Group LLC’s holdings, making the stock its 19th biggest position. Fortress Financial Group LLC’s holdings in Microsoft were worth $1,146,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Udine Wealth Management Inc. increased its holdings in Microsoft by 5.1% during the 1st quarter. Udine Wealth Management Inc. now owns 39,941 shares of the software giant’s stock worth $14,993,000 after acquiring an additional 1,926 shares during the period. Pines Wealth Management LLC increased its holdings in Microsoft by 6.8% during the 1st quarter. Pines Wealth Management LLC now owns 20,795 shares of the software giant’s stock worth $7,373,000 after acquiring an additional 1,327 shares during the period. Sovereign Financial Group Inc. increased its holdings in Microsoft by 5.9% during the 1st quarter. Sovereign Financial Group Inc. now owns 15,521 shares of the software giant’s stock worth $5,827,000 after acquiring an additional 866 shares during the period. Eagle Rock Investment Company LLC increased its holdings in Microsoft by 2.7% during the 1st quarter. Eagle Rock Investment Company LLC now owns 46,762 shares of the software giant’s stock worth $17,554,000 after acquiring an additional 1,230 shares during the period. Finally, Ehrlich Financial Group increased its holdings in Microsoft by 4.5% during the 1st quarter. Ehrlich Financial Group now owns 1,224 shares of the software giant’s stock worth $459,000 after acquiring an additional 53 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 1.5%

NASDAQ MSFT opened at $498.25 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market capitalization of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.26 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $500.76. The business’s 50-day moving average is $461.41 and its 200 day moving average is $423.57.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period last year, the firm earned $2.94 earnings per share. Sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft’s payout ratio is presently 25.66%.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated 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 sale, the executive vice president directly owned 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on MSFT shares. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. DA Davidson raised their price target on Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday. Wells Fargo & Company raised their price target on Microsoft from $565.00 to $585.00 and gave the company an “overweight” rating in a research report on Wednesday, June 25th. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $524.71.

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.