Fairvoy Private Wealth LLC Boosts Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Fairvoy Private Wealth LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 7.4% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 19,861 shares of the software giant’s stock after acquiring an additional 1,360 shares during the period. Microsoft makes up 2.0% of Fairvoy Private Wealth LLC’s investment portfolio, making the stock its 11th biggest holding. Fairvoy Private Wealth LLC’s holdings in Microsoft were worth $7,456,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Norges Bank acquired a new position in Microsoft during the 4th quarter worth approximately $44,343,058,000. GAMMA Investing LLC grew its holdings in shares of Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock worth $17,528,950,000 after acquiring an additional 46,579,693 shares during the period. Proficio Capital Partners LLC grew its holdings in shares of Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock worth $7,096,913,000 after acquiring an additional 16,788,816 shares during the period. Northern Trust Corp grew its holdings in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on MSFT. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. The Goldman Sachs Group increased their price target on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Wedbush increased their price target on Microsoft from $515.00 to $600.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 25th. Stifel Nicolaus increased their price target on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Finally, Barclays increased their price target on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.79.

Microsoft Trading Down 0.3%

MSFT opened at $510.05 on Friday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.79 trillion, a P/E ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a fifty day moving average price of $477.78 and a two-hundred day moving average price of $428.54.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the firm posted $2.94 EPS. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Company 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.