Microsoft Corporation (NASDAQ:MSFT) is Fedenia Advisers LLC’s 9th Largest Position

Fedenia Advisers LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 8,461 shares of the software giant’s stock after acquiring an additional 189 shares during the quarter. Microsoft accounts for 2.1% of Fedenia Advisers LLC’s portfolio, making the stock its 9th biggest holding. Fedenia Advisers LLC’s holdings in Microsoft were worth $3,176,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of MSFT. WFA Asset Management Corp increased its position in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. grew its position in shares of Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock worth $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new stake in shares of Microsoft during the fourth quarter worth about $1,375,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Bank of America increased their price target on Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Barclays increased their price target on Microsoft from $550.00 to $625.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Mizuho increased their price target on Microsoft from $540.00 to $625.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $609.86.

Microsoft Price Performance

Shares of MSFT stock opened at $520.17 on Friday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 38.14, a P/E/G ratio of 2.28 and a beta of 1.06. The stock has a 50 day moving average price of $502.60 and a 200 day moving average price of $441.01.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period last year, the company earned $2.95 EPS. Microsoft’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 46,350 shares of company stock worth $21,493,447 in the last ninety days. 0.03% of the stock is owned by company 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.