Unique Wealth LLC Increases Holdings in Microsoft Co. (NASDAQ:MSFT)

Unique Wealth LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 8.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 12,891 shares of the software giant’s stock after purchasing an additional 1,026 shares during the period. Microsoft comprises approximately 1.1% of Unique Wealth LLC’s holdings, making the stock its 18th largest holding. Unique Wealth LLC’s holdings in Microsoft were worth $5,434,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP boosted its position in shares of Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after purchasing an additional 1,164 shares in the last quarter. NRI Wealth Management LC bought a new stake in shares of Microsoft in the 2nd quarter worth approximately $2,863,000. Finally, Fairbanks Capital Management Inc. boosted its position in shares of Microsoft by 1.7% in the 2nd quarter. Fairbanks Capital Management Inc. now owns 9,610 shares of the software giant’s stock worth $4,295,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on MSFT shares. StockNews.com raised Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research report on Monday, October 28th. Piper Sandler reaffirmed an “overweight” rating and issued a $520.00 price objective on shares of Microsoft in a research report on Monday, January 27th. DA Davidson reaffirmed a “neutral” rating and issued a $425.00 price objective on shares of Microsoft in a research report on Thursday, January 30th. Finally, Loop Capital upped their price objective on Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, December 23rd. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $510.96.

Microsoft Price Performance

NASDAQ 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 firm’s fifty day simple moving average is $425.20 and its two-hundred day simple moving average is $422.69. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.03 trillion, a P/E ratio of 32.87, a P/E/G ratio of 2.20 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter in the prior year, the company earned $2.93 earnings per share. Analysts forecast that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be given a $0.83 dividend. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is currently 26.73%.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction dated Monday, December 2nd. The shares were sold at an average price of $430.87, for a total transaction 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 $23,203,211.24. The trade was a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last quarter, insiders sold 8,000 shares of company stock worth $3,493,820. Company insiders own 0.03% of the company’s stock.

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.