Tuttle Capital Management LLC Boosts Holdings in Microsoft Co. (NASDAQ:MSFT)

Tuttle Capital Management LLC grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 34.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 910 shares of the software giant’s stock after purchasing an additional 232 shares during the period. Microsoft accounts for about 2.3% of Tuttle Capital Management LLC’s investment portfolio, making the stock its 29th largest position. Tuttle Capital Management LLC’s holdings in Microsoft were worth $384,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Capital CS Group LLC boosted its stake in shares of Microsoft by 101.2% during the 4th quarter. Capital CS Group LLC now owns 564 shares of the software giant’s stock worth $238,000 after purchasing an additional 48,604 shares during the last quarter. IMZ Advisory Inc boosted its stake in shares of Microsoft by 0.6% during the 4th quarter. IMZ Advisory Inc now owns 5,206 shares of the software giant’s stock worth $2,194,000 after purchasing an additional 31 shares during the last quarter. GSG Advisors LLC boosted its stake in shares of Microsoft by 0.7% during the 4th quarter. GSG Advisors LLC now owns 20,431 shares of the software giant’s stock worth $8,611,000 after purchasing an additional 149 shares during the last quarter. PCA Investment Advisory Services Inc. boosted its stake in shares of Microsoft by 0.3% during the 4th quarter. PCA Investment Advisory Services Inc. now owns 10,640 shares of the software giant’s stock worth $4,485,000 after purchasing an additional 28 shares during the last quarter. Finally, Signal Advisors Wealth LLC boosted its stake in shares of Microsoft by 19.7% during the 4th quarter. Signal Advisors Wealth LLC now owns 23,651 shares of the software giant’s stock worth $9,969,000 after purchasing an additional 3,898 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $423.48, for a total value of $423,480.00. Following the sale, the chief marketing officer now owns 56,511 shares in the company, valued at approximately $23,931,278.28. The trade was a 1.74 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders sold a total of 8,000 shares of company stock valued at $3,493,820 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $408.25 on Friday. The stock has a market capitalization of $3.03 trillion, a PE ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The business has a fifty day moving average price of $425.20 and a two-hundred day moving average price of $422.88. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company posted $2.93 earnings per share. As a group, equities analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Wedbush reissued an “outperform” rating and issued a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. UBS Group decreased their target price on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research report on Thursday, January 30th. Mizuho decreased their target price on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a research report on Thursday, January 30th. Finally, Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, October 28th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $510.96.

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.