PSI Advisors LLC Buys 93 Shares of Microsoft Co. (NASDAQ:MSFT)

PSI Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 6,271 shares of the software giant’s stock after buying an additional 93 shares during the quarter. Microsoft makes up 0.8% of PSI Advisors LLC’s portfolio, making the stock its 28th largest position. PSI Advisors LLC’s holdings in Microsoft were worth $2,643,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. BCK Partners Inc. grew its holdings in Microsoft by 1.8% in the 3rd quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock valued at $582,000 after buying an additional 24 shares in the last quarter. Conscious Wealth Investments LLC grew its holdings in Microsoft by 0.4% in the 2nd quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after buying an additional 25 shares in the last quarter. Global Wealth Strategies & Associates grew its holdings in Microsoft by 0.8% in the 3rd quarter. Global Wealth Strategies & Associates now owns 2,997 shares of the software giant’s stock valued at $1,290,000 after buying an additional 25 shares in the last quarter. Christopher J. Hasenberg Inc grew its holdings in Microsoft by 35.7% in the 3rd quarter. Christopher J. Hasenberg Inc now owns 95 shares of the software giant’s stock valued at $39,000 after buying an additional 25 shares in the last quarter. Finally, Sequent Asset Management LLC grew its holdings in Microsoft by 1.3% in the 3rd quarter. Sequent Asset Management LLC now owns 1,983 shares of the software giant’s stock valued at $853,000 after buying an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the completion of the sale, the chief marketing officer now owns 53,852 shares of the company’s stock, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 8,000 shares of company stock valued at $3,493,820. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Cantor Fitzgerald reiterated an “overweight” rating and set a $509.00 target price on shares of Microsoft in a research report on Wednesday, January 29th. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Thursday, January 30th. Three investment analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Shares of MSFT opened at $408.25 on Friday. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The business has a 50-day simple moving average of $425.20 and a two-hundred day simple moving average of $422.69. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.03 trillion, a PE ratio of 32.87, a PEG ratio of 2.20 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period in the previous year, the business earned $2.93 earnings per share. Analysts anticipate that Microsoft Co. will post 13.07 earnings per share for the current fiscal 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 paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a $3.32 annualized dividend and a dividend yield of 0.81%. Microsoft’s payout ratio is 26.73%.

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.