Fiduciary Alliance LLC Has $37.94 Million Position in Microsoft Co. (NASDAQ:MSFT)

Fiduciary Alliance LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 7.6% in the second quarter, HoldingsChannel.com reports. The fund owned 82,603 shares of the software giant’s stock after buying an additional 5,856 shares during the quarter. Microsoft comprises 6.2% of Fiduciary Alliance LLC’s portfolio, making the stock its biggest holding. Fiduciary Alliance LLC’s holdings in Microsoft were worth $37,938,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in the business. Friedenthal Financial bought a new position in Microsoft during the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management bought a new position in Microsoft during the fourth quarter valued at approximately $58,000. Richardson Capital Management LLC boosted its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after buying an additional 129 shares during the last quarter. PayPay Securities Corp boosted its stake in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after buying an additional 36 shares during the last quarter. Finally, Bellevue Group AG boosted its stake in Microsoft by 47.5% during the first quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after buying an additional 58 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Satya Nadella sold 14,398 shares of Microsoft stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the completion of the transaction, the chief executive officer now owns 786,933 shares of the company’s stock, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Up 0.6 %

Microsoft stock opened at $413.12 on Friday. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.23. The stock has a market capitalization of $3.07 trillion, a price-to-earnings ratio of 35.77, a PEG ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The business has a fifty day moving average price of $432.99 and a 200-day moving average price of $422.74.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 earnings per share for the quarter, topping analysts’ consensus estimates of $2.90 by $0.05. The firm had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s quarterly revenue was up 15.2% on a year-over-year basis. During the same quarter last year, the firm earned $2.69 EPS. Equities research analysts forecast that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.73%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

A number of equities analysts recently commented on MSFT shares. Morgan Stanley dropped their price target on Microsoft from $520.00 to $506.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Citigroup lowered their price objective on Microsoft from $520.00 to $500.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. Mizuho raised their price objective on Microsoft from $450.00 to $480.00 and gave the company an “outperform” rating in a research note on Tuesday, July 16th. Tigress Financial raised their price objective on Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, June 13th. Finally, TD Cowen increased their price target on Microsoft from $470.00 to $495.00 and gave the stock a “buy” rating in a report on Thursday, July 18th. Two 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, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $494.72.

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.