Microsoft Co. (NASDAQ:MSFT) Shares Bought by Newbridge Financial Services Group Inc.

Newbridge Financial Services Group Inc. lifted its position in shares of Microsoft Co. (NASDAQ:MSFT) by 6.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 23,555 shares of the software giant’s stock after purchasing an additional 1,357 shares during the period. Microsoft comprises 4.3% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 3rd largest position. Newbridge Financial Services Group Inc.’s holdings in Microsoft were worth $8,858,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Friedenthal Financial acquired a new stake in Microsoft during the 4th quarter valued at approximately $45,000. Neo Ivy Capital Management purchased a new position in shares of Microsoft during the 4th quarter valued at approximately $58,000. PayPay Securities Corp grew its position in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Microsoft in the fourth quarter worth $86,000. Finally, Authentikos Wealth Advisory LLC acquired a new stake in Microsoft in the third quarter valued at $87,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.5 %

Shares of MSFT stock opened at $446.34 on Wednesday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a fifty day moving average of $418.59 and a 200-day moving average of $405.81. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $450.94. The stock has a market cap of $3.32 trillion, a price-to-earnings ratio of 38.64, a P/E/G ratio of 2.37 and a beta of 0.89.

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

Microsoft Dividend Announcement

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

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were 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 of the company’s stock, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock worth $10,877,535 over the last three months. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Citigroup lowered their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a report on Thursday, April 18th. Sanford C. Bernstein increased their target price on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Finally, BMO Capital Markets upped their price target on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $465.83.

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.