FCF Advisors LLC Has $7.09 Million Position in Microsoft Co. (NASDAQ:MSFT)

Posted by Defense World Staff on Oct 15th, 2023

FCF Advisors LLC boosted its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 4.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,824 shares of the software giant’s stock after purchasing an additional 924 shares during the period. Microsoft makes up about 3.6% of FCF Advisors LLC’s portfolio, making the stock its 2nd largest holding. FCF Advisors LLC’s holdings in Microsoft were worth $7,091,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after acquiring an additional 6,129,708 shares during the last quarter. State Street Corp lifted its position in shares of Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after acquiring an additional 1,951,554 shares during the last quarter. FMR LLC lifted its position in shares of Microsoft by 0.8% during the 1st quarter. FMR LLC now owns 200,523,373 shares of the software giant’s stock valued at $57,810,889,000 after acquiring an additional 1,537,712 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in shares of Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after acquiring an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in shares of Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares in the last quarter. 69.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSFT shares. Wells Fargo & Company restated an “overweight” rating and issued a $400.00 target price on shares of Microsoft in a report on Monday, October 2nd. BMO Capital Markets increased their target price on Microsoft from $385.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday, July 26th. Fundamental Research set a $298.10 target price on Microsoft and gave the company a “hold” rating in a report on Wednesday, August 9th. Barclays increased their target price on Microsoft from $336.00 to $425.00 and gave the company an “overweight” rating in a report on Wednesday, July 19th. Finally, Stifel Nicolaus increased their target price on Microsoft from $320.00 to $380.00 and gave the company a “buy” rating in a report on Thursday, July 20th. Five research analysts have rated the stock with a hold rating and thirty-four have assigned a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $376.34.

View Our Latest Stock Analysis on MSFT

Microsoft Stock Down 1.0 %

NASDAQ MSFT opened at $327.73 on Friday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The firm has a 50-day simple moving average of $324.89 and a 200 day simple moving average of $321.58. Microsoft Co. has a twelve month low of $213.43 and a twelve month high of $366.78. The stock has a market cap of $2.43 trillion, a PE ratio of 33.82, a PEG ratio of 2.43 and a beta of 0.91.

Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share for the quarter, beating the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The business had revenue of $56.19 billion during the quarter, compared to analysts’ expectations of $55.49 billion. During the same quarter last year, the company earned $2.23 earnings per share. The firm’s revenue was up 8.3% on a year-over-year basis. On average, research analysts forecast that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 14th. Shareholders of record on Thursday, November 16th will be paid a dividend of $0.75 per share. This is a boost from Microsoft’s previous quarterly dividend of $0.68. The ex-dividend date is Wednesday, November 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.92%. Microsoft’s dividend payout ratio (DPR) is currently 28.07%.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the completion of the sale, the chief executive officer now owns 800,668 shares of the company’s stock, valued at $262,963,391.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the sale, the insider now directly owns 588,084 shares of the company’s stock, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders sold a total of 115,049 shares of company stock worth $38,195,619 over the last quarter. Company insiders own 0.03% of the company’s stock.

Microsoft Company Profile

(Free Report)

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.