Arcadia Wealth Management LLC Increases Position in Microsoft Co. (NASDAQ:MSFT)

Arcadia Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFT) by 2.6% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 1,474 shares of the software giant’s stock after acquiring an additional 38 shares during the period. Arcadia Wealth Management LLC’s holdings in Microsoft were worth $554,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Capstone Capital Wealth Advisors purchased a new stake in Microsoft in the 4th quarter valued at about $592,000. Carderock Capital Management Inc. boosted its position in shares of Microsoft by 3.4% in the fourth quarter. Carderock Capital Management Inc. now owns 34,330 shares of the software giant’s stock worth $12,909,000 after acquiring an additional 1,143 shares during the last quarter. Independence Bank of Kentucky grew its holdings in Microsoft by 30.8% in the fourth quarter. Independence Bank of Kentucky now owns 22,845 shares of the software giant’s stock valued at $8,591,000 after purchasing an additional 5,374 shares during the period. Denver Wealth Management Inc. increased its position in Microsoft by 2.2% during the fourth quarter. Denver Wealth Management Inc. now owns 1,543 shares of the software giant’s stock worth $580,000 after purchasing an additional 33 shares during the last quarter. Finally, Colonial River Wealth Management LLC raised its stake in Microsoft by 44.1% during the fourth quarter. Colonial River Wealth Management LLC now owns 17,891 shares of the software giant’s stock worth $6,728,000 after purchasing an additional 5,473 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the company’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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s 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 completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, 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 that occurred 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 sale, the insider now owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 over the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Stock Up 1.6 %

Shares of Microsoft stock opened at $407.57 on Wednesday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. The business has a 50-day moving average price of $414.60 and a 200 day moving average price of $386.93. Microsoft Co. has a fifty-two week low of $275.37 and a fifty-two week high of $430.82. The firm has a market cap of $3.03 trillion, a P/E ratio of 36.85, a P/E/G ratio of 2.16 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period last year, the business posted $2.32 earnings per share. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors 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 0.74%. Microsoft’s dividend payout ratio (DPR) is 27.12%.

Analysts Set New Price Targets

A number of analysts have recently commented on MSFT shares. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Piper Sandler reaffirmed an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a research note on Thursday, January 25th. Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, March 25th. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

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.