586 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Fairway Wealth LLC

Fairway Wealth LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 586 shares of the software giant’s stock, valued at approximately $262,000.

Other institutional investors also recently bought and sold shares of the company. Hengehold Capital Management LLC increased its stake in shares of Microsoft by 0.3% during the first quarter. Hengehold Capital Management LLC now owns 22,741 shares of the software giant’s stock valued at $9,567,000 after purchasing an additional 75 shares in the last quarter. GuoLine Advisory Pte Ltd increased its stake in shares of Microsoft by 5.2% during the first quarter. GuoLine Advisory Pte Ltd now owns 240,900 shares of the software giant’s stock valued at $101,351,000 after purchasing an additional 11,800 shares in the last quarter. Fifth Third Wealth Advisors LLC increased its stake in shares of Microsoft by 22.1% during the first quarter. Fifth Third Wealth Advisors LLC now owns 46,866 shares of the software giant’s stock valued at $19,717,000 after purchasing an additional 8,475 shares in the last quarter. Indiana Trust & Investment Management CO increased its stake in shares of Microsoft by 25.9% during the first quarter. Indiana Trust & Investment Management CO now owns 11,736 shares of the software giant’s stock valued at $4,938,000 after purchasing an additional 2,413 shares in the last quarter. Finally, Capital Asset Advisory Services LLC increased its stake in shares of Microsoft by 2.5% during the first quarter. Capital Asset Advisory Services LLC now owns 51,909 shares of the software giant’s stock valued at $22,088,000 after purchasing an additional 1,277 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CFO Amy Hood sold 38,000 shares of the company’s stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the completion of the transaction, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CMO Takeshi Numoto sold 2,500 shares of the stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $411.04, for a total transaction of $1,027,600.00. Following the completion of the sale, the chief marketing officer now owns 50,000 shares in the company, valued at approximately $20,552,000. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Amy Hood sold 38,000 shares of the stock in a transaction dated Thursday, September 5th. The stock was sold at an average price of $410.55, for a total value of $15,600,900.00. Following the sale, the chief financial officer now owns 496,369 shares of the company’s stock, valued at $203,784,292.95. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 190,629 shares of company stock worth $77,916,485. Corporate insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of a number of analyst reports. UBS Group decreased their target price on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a research note on Thursday. Bank of America raised their target price on shares of Microsoft from $480.00 to $510.00 and gave the company a “buy” rating in a research note on Wednesday, July 17th. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, October 28th. Sanford C. Bernstein reduced their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Finally, BMO Capital Markets reduced their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and twenty-six have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $503.03.

Microsoft Stock Performance

NASDAQ:MSFT opened at $410.37 on Monday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.27 and a current ratio of 1.30. The stock has a 50-day simple moving average of $420.69 and a two-hundred day simple moving average of $424.71. The firm has a market capitalization of $3.05 trillion, a PE ratio of 33.86, a P/E/G ratio of 2.14 and a beta of 0.91. Microsoft Co. has a 52-week low of $344.77 and a 52-week high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. The company had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same period in the previous year, the company posted $2.99 EPS. The firm’s revenue was up 16.0% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 12.98 EPS for the current year.

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

Microsoft Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, December 12th. Investors of record on Thursday, November 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, November 21st. This represents a $3.32 annualized dividend and a yield of 0.81%. This is an increase from Microsoft’s previous quarterly dividend of $0.75. Microsoft’s dividend payout ratio is currently 27.39%.

Microsoft 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.