KMG Fiduciary Partners LLC Has $52.11 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

KMG Fiduciary Partners LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 3.5% during the third quarter, Holdings Channel reports. The fund owned 121,096 shares of the software giant’s stock after purchasing an additional 4,108 shares during the period. Microsoft makes up about 4.5% of KMG Fiduciary Partners LLC’s portfolio, making the stock its 3rd biggest position. KMG Fiduciary Partners LLC’s holdings in Microsoft were worth $52,108,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Net Worth Advisory Group bought a new stake in shares of Microsoft during the third quarter valued at approximately $2,645,000. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its holdings in Microsoft by 1.6% during the 2nd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 1,975,200 shares of the software giant’s stock worth $882,816,000 after buying an additional 31,401 shares in the last quarter. Jacobs & Co. CA boosted its position in Microsoft by 0.9% in the 3rd quarter. Jacobs & Co. CA now owns 96,021 shares of the software giant’s stock valued at $41,318,000 after buying an additional 880 shares during the last quarter. New Harbor Financial Group LLC increased its stake in shares of Microsoft by 55.9% in the 2nd quarter. New Harbor Financial Group LLC now owns 1,255 shares of the software giant’s stock valued at $561,000 after buying an additional 450 shares during the period. Finally, IQ EQ FUND MANAGEMENT IRELAND Ltd raised its position in shares of Microsoft by 10.9% during the third quarter. IQ EQ FUND MANAGEMENT IRELAND Ltd now owns 106,292 shares of the software giant’s stock worth $45,737,000 after acquiring an additional 10,421 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 0.6 %

MSFT stock opened at $443.33 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.29 and a current ratio of 1.30. Microsoft Co. has a one year low of $364.13 and a one year high of $468.35. The firm’s fifty day moving average is $421.78 and its 200 day moving average is $427.11. The firm has a market cap of $3.30 trillion, a PE ratio of 36.58, a P/E/G ratio of 2.35 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, October 30th. The software giant reported $3.30 EPS for the quarter, topping 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 firm had revenue of $65.59 billion for the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the business posted $2.99 earnings per share. The firm’s revenue was up 16.0% compared to the same quarter last year. On average, research analysts forecast that Microsoft Co. will post 12.93 EPS for the current year.

Microsoft announced that its board has approved a share repurchase program on Monday, September 16th that authorizes the company to buyback $60.00 billion in outstanding shares. This buyback authorization authorizes the software giant to repurchase up to 1.9% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Shareholders of record on Thursday, February 20th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is 27.39%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the completion of the transaction, the executive vice president now directly owns 117,294 shares in the company, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction on Monday, December 9th. The shares were sold at an average price of $447.41, for a total value of $1,118,525.00. Following the completion of the transaction, the chief marketing officer now owns 49,352 shares in the company, valued at $22,080,578.32. The trade was a 4.82 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 41,200 shares of company stock worth $17,383,892 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on MSFT. BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a research report on Thursday, October 31st. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a report on Tuesday, October 8th. UBS Group lowered their target price on shares of Microsoft from $510.00 to $500.00 and set a “buy” rating for the company in a report on Thursday, October 31st. KeyCorp increased their price target on Microsoft from $490.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday, October 18th. Finally, Wells Fargo & Company reaffirmed a “buy” rating on shares of Microsoft in a research note on Friday, October 18th. Two analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $504.36.

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.