Kaydan Wealth Management Inc. Purchases 300 Shares of Microsoft Corporation (NASDAQ:MSFT)

Kaydan Wealth Management Inc. boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,228 shares of the software giant’s stock after acquiring an additional 300 shares during the quarter. Microsoft accounts for approximately 0.6% of Kaydan Wealth Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Kaydan Wealth Management Inc.’s holdings in Microsoft were worth $1,963,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Strategic Advisors LLC grew its stake in shares of Microsoft by 0.3% in the first quarter. Strategic Advisors LLC now owns 67,752 shares of the software giant’s stock valued at $25,433,000 after acquiring an additional 229 shares in the last quarter. RS Crum Inc. grew its stake in shares of Microsoft by 5.4% in the first quarter. RS Crum Inc. now owns 5,350 shares of the software giant’s stock valued at $2,008,000 after acquiring an additional 273 shares in the last quarter. Inscription Capital LLC acquired a new position in shares of Microsoft in the first quarter valued at about $18,119,000. Blackston Financial Advisory Group LLC grew its stake in shares of Microsoft by 12.2% in the first quarter. Blackston Financial Advisory Group LLC now owns 12,630 shares of the software giant’s stock valued at $4,741,000 after acquiring an additional 1,375 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Microsoft by 1.9% in the first quarter. Conestoga Capital Advisors LLC now owns 2,712 shares of the software giant’s stock valued at $1,018,000 after acquiring an additional 50 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction on 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 transaction, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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 value of $2,599,020.00. Following the sale, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on MSFT. Morgan Stanley restated an “overweight” rating and issued a $530.00 price target (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Stifel Nicolaus raised their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Wedbush raised their price target on shares of Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Citigroup raised their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $543.79.

Microsoft Trading Up 0.0%

Shares of NASDAQ:MSFT opened at $510.06 on Tuesday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month 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 PE ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The stock has a 50 day moving average of $477.78 and a 200 day moving average of $428.61.

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

Microsoft Announces Dividend

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 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 yield of 0.65%. Microsoft’s payout ratio is 25.66%.

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.