BFI Infinity Ltd. Has $671,000 Holdings in Microsoft Corporation (NASDAQ:MSFT)

BFI Infinity Ltd. lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 84.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,788 shares of the software giant’s stock after selling 9,585 shares during the period. Microsoft makes up approximately 0.7% of BFI Infinity Ltd.’s holdings, making the stock its 14th biggest position. BFI Infinity Ltd.’s holdings in Microsoft were worth $671,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Adamsbrown Wealth Consultants LLC lifted its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its holdings in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC lifted its holdings in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. lifted its holdings in shares of Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its holdings in shares of Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after buying an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

NASDAQ MSFT opened at $503.32 on Friday. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a PEG ratio of 2.27 and a beta of 1.04. The company has a 50 day moving average of $470.64 and a 200-day moving average of $425.85. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $506.78.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Scotiabank upped their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Raymond James Financial upped their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. Mizuho upped their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research report on Thursday, May 1st. 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. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $534.14.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company’s stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. 0.03% of the stock is owned by corporate 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.