Golden Road Advisors LLC Buys Shares of 1,924 Microsoft Co. (NASDAQ:MSFT)

Golden Road Advisors LLC bought a new stake in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 1,924 shares of the software giant’s stock, valued at approximately $723,000. Microsoft makes up approximately 0.7% of Golden Road Advisors LLC’s holdings, making the stock its 15th largest holding.

Other hedge funds also recently added to or reduced their stakes in the company. Morris Financial Concepts Inc. grew its position in Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after acquiring an additional 25 shares in the last quarter. Innova Wealth Partners grew its position in Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares in the last quarter. Arkansas Financial Group Inc. grew its position in Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after acquiring an additional 25 shares in the last quarter. Sicart Associates LLC grew its position in Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Wealth Management LLC grew its position in Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock worth $599,000 after acquiring an additional 26 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on MSFT. New Street Research initiated coverage on shares of Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price for the company. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Piper Sandler restated an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a research note on Friday, April 26th. BMO Capital Markets boosted their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research note on Friday, April 12th. Finally, Jefferies Financial Group boosted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $465.83.

Microsoft Stock Up 1.3 %

MSFT opened at $448.37 on Tuesday. The firm’s 50-day simple moving average is $418.19 and its 200-day simple moving average is $405.31. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $450.94. The firm has a market cap of $3.33 trillion, a price-to-earnings ratio of 38.82, a PEG ratio of 2.34 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 in the last 90 days. 0.03% of the stock is currently owned by insiders.

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.