Fiduciary Family Office LLC Boosts Stake in Microsoft Co. (NASDAQ:MSFT)

Fiduciary Family Office LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 10.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,463 shares of the software giant’s stock after purchasing an additional 1,311 shares during the period. Microsoft makes up approximately 2.1% of Fiduciary Family Office LLC’s investment portfolio, making the stock its 2nd largest holding. Fiduciary Family Office LLC’s holdings in Microsoft were worth $6,223,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in shares of Microsoft by 48,526.1% during the 3rd quarter. International Assets Investment Management LLC now owns 38,501,645 shares of the software giant’s stock worth $16,567,258,000 after buying an additional 38,422,466 shares during the period. Wulff Hansen & CO. boosted its stake in Microsoft by 47,196.6% during the 2nd quarter. Wulff Hansen & CO. now owns 4,834,658 shares of the software giant’s stock worth $2,160,850,000 after acquiring an additional 4,824,436 shares during the last quarter. Assenagon Asset Management S.A. grew its holdings in Microsoft by 67.5% during the third quarter. Assenagon Asset Management S.A. now owns 5,963,863 shares of the software giant’s stock valued at $2,566,250,000 after purchasing an additional 2,404,348 shares during the period. AustralianSuper Pty Ltd increased its stake in Microsoft by 56.9% in the third quarter. AustralianSuper Pty Ltd now owns 5,344,566 shares of the software giant’s stock valued at $2,299,767,000 after purchasing an additional 1,938,304 shares in the last quarter. Finally, Strategic Financial Concepts LLC increased its stake in Microsoft by 31,648.5% in the second quarter. Strategic Financial Concepts LLC now owns 1,871,892 shares of the software giant’s stock valued at $8,366,000 after purchasing an additional 1,865,996 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. KeyCorp boosted their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, October 18th. Oppenheimer cut Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Loop Capital increased their price target on Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. BMO Capital Markets cut their price objective on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Finally, Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Two equities research analysts have rated the stock with a hold rating and twenty-eight have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $511.62.

Microsoft Trading Up 1.1 %

Shares of Microsoft stock opened at $427.85 on Tuesday. Microsoft Co. has a 12-month low of $369.01 and a 12-month high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The business’s 50 day moving average is $428.64 and its 200-day moving average is $427.95. The stock has a market cap of $3.18 trillion, a P/E ratio of 35.30, a P/E/G ratio of 2.37 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. The firm had revenue of $65.59 billion during the quarter, compared to analysts’ expectations of $64.57 billion. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company’s revenue for the quarter was up 16.0% compared to the same quarter last year. During the same quarter last year, the company posted $2.99 earnings per share. Equities research analysts predict that Microsoft Co. will post 12.93 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s payout ratio is currently 27.39%.

Microsoft declared that its board has approved a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Insiders Place Their Bets

In related news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the completion of the sale, the executive vice president now owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Christopher David Young sold 7,200 shares of the stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 over the last 90 days. 0.03% of the stock is currently owned by insiders.

Microsoft Company 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.