Microsoft Co. (NASDAQ:MSFT) is Braun Bostich & Associates Inc.’s 8th Largest Position

Braun Bostich & Associates Inc. increased its position in Microsoft Co. (NASDAQ:MSFT) by 52.4% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 9,891 shares of the software giant’s stock after buying an additional 3,402 shares during the period. Microsoft comprises approximately 3.4% of Braun Bostich & Associates Inc.’s holdings, making the stock its 8th largest position. Braun Bostich & Associates Inc.’s holdings in Microsoft were worth $3,719,000 at the end of the most recent quarter.

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

Microsoft Price Performance

Shares of MSFT opened at $410.54 on Thursday. Microsoft Co. has a twelve month low of $306.26 and a twelve month high of $430.82. The company has a 50 day moving average of $413.84 and a two-hundred day moving average of $392.05. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.05 trillion, a price-to-earnings ratio of 35.54, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. As a group, analysts predict that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Insider Transactions at Microsoft

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were 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 owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on 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 completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on 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 transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on MSFT shares. Raymond James reissued an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Piper Sandler reissued an “overweight” rating and set a $465.00 price objective (up previously from $455.00) on shares of Microsoft in a report on Friday, April 26th. UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Morgan Stanley upped their target price on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Finally, Jefferies Financial Group upped their target price on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target 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.