Janiczek Wealth Management LLC Has $6.83 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Janiczek Wealth Management LLC raised its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 18,160 shares of the software giant’s stock after purchasing an additional 497 shares during the quarter. Microsoft accounts for 1.6% of Janiczek Wealth Management LLC’s investment portfolio, making the stock its 12th biggest holding. Janiczek Wealth Management LLC’s holdings in Microsoft were worth $6,829,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Iron Horse Wealth Management LLC grew its holdings in shares of Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in Microsoft during the third quarter valued at $87,000. Cordant Inc. grew its stake in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares in the last quarter. Family CFO Inc increased its holdings in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the last quarter. Finally, Life Planning Partners Inc acquired a new position in shares of Microsoft during the 4th quarter worth $146,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $409.34 on Wednesday. The business has a 50 day simple moving average of $413.84 and a 200 day simple moving average of $392.05. Microsoft Co. has a one year low of $306.09 and a one year high of $430.82. The company has a market capitalization of $3.04 trillion, a PE ratio of 35.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the business earned $2.45 earnings per share. The business’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 11.76 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.73%. Microsoft’s dividend payout ratio is 25.97%.

Insider Transactions at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on MSFT. Piper Sandler restated an “overweight” rating and set a $465.00 target price (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Sanford C. Bernstein raised their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 target price on shares of Microsoft in a research report on Monday, April 22nd. Barclays lifted their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Finally, Evercore ISI upped their price objective on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $452.61.

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.