Bouchey Financial Group Ltd lifted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 4.1% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 10,577 shares of the software giant’s stock after acquiring an additional 412 shares during the period. Microsoft makes up approximately 0.4% of Bouchey Financial Group Ltd’s investment portfolio, making the stock its 27th largest position. Bouchey Financial Group Ltd’s holdings in Microsoft were worth $2,537,000 at the end of the most recent quarter.
Other hedge funds also recently made changes to their positions in the company. Iron Horse Wealth Management LLC acquired a new position in Microsoft in the 4th quarter valued at $26,000. Monumental Financial Group Inc. bought a new stake in Microsoft during the first quarter worth about $28,000. Hanseatic Management Services Inc. lifted its position in Microsoft by 71.4% during the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock worth $31,000 after purchasing an additional 55 shares during the period. Retirement Financial Solutions LLC bought a new stake in Microsoft during the fourth quarter worth about $40,000. Finally, Macroview Investment Management LLC bought a new stake in Microsoft during the fourth quarter worth about $61,000. 69.15% of the stock is owned by institutional investors.
Microsoft Price Performance
MSFT stock opened at $288.80 on Tuesday. The company has a debt-to-equity ratio of 0.24, a current ratio of 1.93 and a quick ratio of 1.89. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $294.18. The company’s 50-day moving average is $268.51 and its 200-day moving average is $250.01. The stock has a market capitalization of $2.15 trillion, a PE ratio of 32.09, a price-to-earnings-growth ratio of 2.53 and a beta of 0.93.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 6th. Investors of record on Thursday, May 18th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.94%. Microsoft’s dividend payout ratio is presently 30.22%.
Analyst Ratings Changes
MSFT has been the topic of several analyst reports. KeyCorp increased their price target on shares of Microsoft from $270.00 to $316.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 29th. Wells Fargo & Company lifted their price target on Microsoft from $300.00 to $320.00 and gave the company an “overweight” rating in a research note on Friday, March 24th. Citigroup boosted their target price on Microsoft from $280.00 to $282.00 and gave the stock a “buy” rating in a research note on Wednesday, January 25th. Piper Sandler boosted their target price on Microsoft from $247.00 to $290.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 8th. Finally, Cowen lowered their target price on Microsoft from $285.00 to $280.00 and set an “outperform” rating for the company in a research note on Thursday, January 19th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and twenty-seven have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $293.89.
Insider Buying and Selling
In related news, CEO Satya Nadella sold 4,767 shares of the company’s stock in a transaction dated Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the sale, the chief executive officer now owns 788,625 shares in the company, valued at approximately $196,272,990. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, CMO Christopher C. Capossela sold 1,000 shares of Microsoft stock in a transaction on Monday, February 13th. The shares were sold at an average price of $272.32, for a total transaction of $272,320.00. Following the transaction, the chief marketing officer now directly owns 116,362 shares of the company’s stock, valued at approximately $31,687,699.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at $196,272,990. The disclosure for this sale can be found here. Insiders have sold 6,767 shares of company stock worth $1,728,111 in the last quarter. Insiders own 0.03% of the company’s stock.
Microsoft Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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