Fountainhead AM LLC Has $2.54 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Fountainhead AM LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.6% in the third quarter, according to its most recent filing with the SEC. The firm owned 5,911 shares of the software giant’s stock after purchasing an additional 207 shares during the quarter. Microsoft makes up approximately 0.5% of Fountainhead AM LLC’s investment portfolio, making the stock its 28th largest holding. Fountainhead AM LLC’s holdings in Microsoft were worth $2,544,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. FDx Advisors Inc. lifted its stake in Microsoft by 2.2% in the third quarter. FDx Advisors Inc. now owns 10,809 shares of the software giant’s stock valued at $4,651,000 after buying an additional 234 shares during the period. Coalescence Partners Investment Management LP grew its holdings in shares of Microsoft by 11.9% during the third quarter. Coalescence Partners Investment Management LP now owns 43,584 shares of the software giant’s stock valued at $18,754,000 after buying an additional 4,641 shares during the last quarter. Lynx Investment Advisory increased its position in shares of Microsoft by 10.1% during the third quarter. Lynx Investment Advisory now owns 9,108 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 832 shares in the last quarter. Opinicus Capital Inc. increased its position in shares of Microsoft by 0.5% during the third quarter. Opinicus Capital Inc. now owns 16,003 shares of the software giant’s stock worth $6,886,000 after acquiring an additional 86 shares in the last quarter. Finally, Nations Financial Group Inc. IA ADV raised its holdings in shares of Microsoft by 9.0% in the 3rd quarter. Nations Financial Group Inc. IA ADV now owns 85,778 shares of the software giant’s stock worth $36,911,000 after acquiring an additional 7,079 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. Sanford C. Bernstein cut their price target on Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research note on Friday, October 25th. Stifel Nicolaus increased their price target on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. UBS Group raised their price objective on Microsoft from $500.00 to $525.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Citigroup reduced their target price on shares of Microsoft from $500.00 to $497.00 and set a “buy” rating for the company in a research note on Wednesday, October 23rd. Finally, KeyCorp raised their price target on shares of Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research report on Friday, October 18th. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $511.62.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $426.31 on Thursday. The firm has a market capitalization of $3.17 trillion, a PE ratio of 35.17, a P/E/G ratio of 2.37 and a beta of 0.90. 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 company has a 50-day moving average price of $429.08 and a two-hundred day moving average price of $426.72. Microsoft Co. has a twelve month low of $384.81 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping the consensus estimate of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period last year, the firm earned $2.99 EPS. Microsoft’s revenue for the quarter was up 16.0% on a year-over-year basis. Equities analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.78%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Insider Activity at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total value of $414,720.00. Following the completion of the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at approximately $23,850,961.92. This trade represents a 1.71 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company 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.