Microsoft Co. (NASDAQ:MSFT) is Insight Advisors LLC PA’s 6th Largest Position

Insight Advisors LLC PA boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,792 shares of the software giant’s stock after buying an additional 49 shares during the quarter. Microsoft makes up about 1.4% of Insight Advisors LLC PA’s holdings, making the stock its 6th biggest position. Insight Advisors LLC PA’s holdings in Microsoft were worth $6,690,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft during the 3rd quarter valued at $69,000. Iron Horse Wealth Management LLC grew its stake in Microsoft by 89.0% in the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft in the 3rd quarter valued at $87,000. Family CFO Inc grew its stake in Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after buying an additional 43 shares during the last quarter. Finally, Cordant Inc. grew its stake in 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 during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 2.4 %

Shares of NASDAQ:MSFT opened at $399.04 on Friday. Microsoft Co. has a 52 week low of $292.73 and a 52 week high of $430.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market capitalization of $2.97 trillion, a PE ratio of 36.08, a PEG ratio of 2.20 and a beta of 0.89. The company has a 50 day moving average price of $414.44 and a two-hundred day moving average price of $387.17.

Microsoft (NASDAQ:MSFT) last issued 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 net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. During the same quarter in the prior year, the firm earned $2.32 earnings per share. The firm’s revenue was up 17.6% compared to the same quarter last year. Analysts forecast that Microsoft Co. will post 11.61 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.75%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 27.12%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on MSFT shares. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a research note on Thursday, January 18th. Royal Bank of Canada raised their target price on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Citigroup decreased their price target on shares of Microsoft from $480.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, April 18th. Barclays raised their price target on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, BMO Capital Markets raised their price target on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a research report on Friday, April 12th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $434.05.

Insider Buying and Selling

In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 in the company, valued at $22,770,926.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 sale, the insider now 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. Over the last 90 days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by insiders.

About Microsoft

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.