Floyd Financial Group LLC Buys New Position in Microsoft Co. (NASDAQ:MSFT)

Floyd Financial Group LLC purchased a new position in shares of Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,117 shares of the software giant’s stock, valued at approximately $6,333,000. Microsoft accounts for approximately 5.2% of Floyd Financial Group LLC’s holdings, making the stock its 4th largest holding.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its stake in shares of Microsoft by 27.0% in 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 holdings in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Nicholas Investment Partners LP boosted its holdings in Microsoft by 3.0% in the 2nd quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock valued at $17,763,000 after purchasing an additional 1,164 shares in the last quarter. Truefg LLC increased its position in Microsoft by 3.1% during the 2nd quarter. Truefg LLC now owns 1,241 shares of the software giant’s stock worth $554,000 after purchasing an additional 37 shares during the period. Finally, Redwood Financial Network Corp raised its stake in shares of Microsoft by 2.1% during the 2nd quarter. Redwood Financial Network Corp now owns 3,704 shares of the software giant’s stock worth $1,655,000 after buying an additional 76 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction on 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 directly owns 53,852 shares in the company, valued at approximately $23,203,211.24. This represents a 4.44 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 8,000 shares of company stock worth $3,493,820 over the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $408.25 on Monday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The firm’s 50 day moving average is $425.20 and its two-hundred day moving average is $423.04. The company has a market cap of $3.03 trillion, a P/E ratio of 32.87, a P/E/G ratio of 2.21 and a beta of 0.90. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating 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 period in the previous year, the company earned $2.93 EPS. Analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. UBS Group lowered their price target on shares of Microsoft from $525.00 to $510.00 and set a “buy” rating on the stock in a research note on Thursday, January 30th. Wedbush restated an “outperform” rating and set a $550.00 target price on shares of Microsoft in a research report on Tuesday, November 19th. Stifel Nicolaus lifted their price target on shares of Microsoft from $475.00 to $515.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. JPMorgan Chase & Co. lowered their price target on Microsoft from $470.00 to $465.00 and set an “overweight” rating on the stock in a report on Thursday, October 31st. Finally, BMO Capital Markets lowered their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

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.