Sicart Associates LLC Buys 26 Shares of Microsoft Co. (NASDAQ:MSFT)

Sicart Associates LLC lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 926 shares of the software giant’s stock after acquiring an additional 26 shares during the period. Sicart Associates LLC’s holdings in Microsoft were worth $348,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in MSFT. DGS Capital Management LLC lifted its holdings in shares of Microsoft by 19.9% during the 1st quarter. DGS Capital Management LLC now owns 14,342 shares of the software giant’s stock worth $4,422,000 after acquiring an additional 2,383 shares during the last quarter. IFM Investors Pty Ltd lifted its holdings in shares of Microsoft by 20.8% during the 1st quarter. IFM Investors Pty Ltd now owns 1,138,469 shares of the software giant’s stock worth $351,001,000 after acquiring an additional 196,338 shares during the last quarter. Altus Wealth Group LLC lifted its holdings in shares of Microsoft by 1.2% during the 1st quarter. Altus Wealth Group LLC now owns 12,712 shares of the software giant’s stock worth $3,919,000 after acquiring an additional 152 shares during the last quarter. Powell Investment Advisors LLC lifted its holdings in shares of Microsoft by 16.2% during the 1st quarter. Powell Investment Advisors LLC now owns 2,578 shares of the software giant’s stock worth $795,000 after acquiring an additional 359 shares during the last quarter. Finally, Onyx Bridge Wealth Group LLC raised its position in Microsoft by 8.2% in the 1st quarter. Onyx Bridge Wealth Group LLC now owns 6,782 shares of the software giant’s stock worth $1,921,000 after purchasing an additional 512 shares during the period. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Down 0.7 %

Shares of NASDAQ MSFT opened at $411.84 on Thursday. The firm’s 50 day moving average price is $415.48 and its 200-day moving average price is $384.15. The company has a market cap of $3.06 trillion, a PE ratio of 37.24, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 52-week low of $275.37 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.

Microsoft (NASDAQ:MSFT) last issued its earnings results 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. The firm had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.32 earnings per share. On average, equities research analysts expect that Microsoft Co. will post 11.61 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is presently 27.12%.

Insider Activity

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’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 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 news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’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 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. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 over the last three months. Insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently commented on MSFT. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their target price on shares of Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a research report on Friday, March 15th. 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 report on Thursday, January 18th. Finally, BMO Capital Markets lifted their target price 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 equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $431.03.

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.