Fidelity D & D Bancorp Inc. Has $3.66 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Fidelity D & D Bancorp Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.8% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,186 shares of the software giant’s stock after selling 63 shares during the quarter. Microsoft comprises approximately 2.8% of Fidelity D & D Bancorp Inc.’s investment portfolio, making the stock its 8th biggest position. Fidelity D & D Bancorp Inc.’s holdings in Microsoft were worth $3,659,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Christopher J. Hasenberg Inc raised its position in Microsoft by 169.2% during the second quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock valued at $31,000 after purchasing an additional 44 shares in the last quarter. Richardson Capital Management LLC increased its stake in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the last quarter. Innealta Capital LLC acquired a new position in shares of Microsoft during the 2nd quarter worth $75,000. Bellevue Group AG lifted its position in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock worth $76,000 after buying an additional 58 shares during the last quarter. Finally, Horizon Financial Services LLC acquired a new stake in Microsoft in the first quarter valued at about $80,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Tuesday, September 10th. The shares were sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the transaction, the chief marketing officer now directly owns 50,000 shares of the company’s stock, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares in the company, valued at approximately $328,473,703.53. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Takeshi Numoto sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total value of $1,027,600.00. Following the completion of the transaction, the chief marketing officer now owns 50,000 shares in the company, valued at $20,552,000. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 190,629 shares of company stock valued at $77,916,485. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Tuesday, October 8th. Morgan Stanley reiterated an “overweight” rating and set a $506.00 price objective on shares of Microsoft in a research report on Tuesday, September 17th. DA Davidson downgraded shares of Microsoft from a “buy” rating to a “neutral” rating and set a $475.00 price objective for the company. in a research note on Monday, September 23rd. Oppenheimer cut shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. Finally, KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-eight have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $495.68.

Microsoft Stock Up 0.1 %

Microsoft stock opened at $418.78 on Tuesday. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.16. The firm’s fifty day moving average price is $419.90 and its two-hundred day moving average price is $424.55. The firm has a market capitalization of $3.11 trillion, a price-to-earnings ratio of 36.26, a price-to-earnings-growth ratio of 2.22 and a beta of 0.90. Microsoft Co. has a 1-year low of $324.39 and a 1-year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, beating the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion for the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a net margin of 35.96% and a return on equity of 35.95%. The firm’s revenue for the quarter was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.69 EPS. On average, equities research analysts predict that Microsoft Co. will post 13.02 earnings per share for the current fiscal year.

Microsoft declared that its board has approved a stock repurchase plan on Monday, September 16th that permits the company to repurchase $60.00 billion in outstanding shares. This repurchase authorization permits the software giant to buy up to 1.9% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s management believes its shares are undervalued.

Microsoft Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.79%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is 28.74%.

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.