Retirement Guys Formula LLC Has $1.37 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Retirement Guys Formula LLC boosted its stake in Microsoft Co. (NASDAQ:MSFT) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,642 shares of the software giant’s stock after purchasing an additional 108 shares during the quarter. Retirement Guys Formula LLC’s holdings in Microsoft were worth $1,369,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. apricus wealth LLC grew its position in Microsoft by 15.2% in the fourth quarter. apricus wealth LLC now owns 8,013 shares of the software giant’s stock valued at $3,013,000 after acquiring an additional 1,057 shares during the last quarter. Veracity Capital LLC grew its position in Microsoft by 5.5% in the fourth quarter. Veracity Capital LLC now owns 15,612 shares of the software giant’s stock valued at $5,871,000 after acquiring an additional 810 shares during the last quarter. Spinnaker Investment Group LLC grew its position in Microsoft by 1.6% in the fourth quarter. Spinnaker Investment Group LLC now owns 12,195 shares of the software giant’s stock valued at $4,586,000 after acquiring an additional 191 shares during the last quarter. Cobblestone Asset Management LLC bought a new position in Microsoft in the fourth quarter valued at about $203,000. Finally, Compton Financial Group LLC grew its position in Microsoft by 2.2% in the fourth quarter. Compton Financial Group LLC now owns 1,963 shares of the software giant’s stock valued at $738,000 after acquiring an additional 43 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have issued reports on MSFT. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. Jefferies Financial Group upped their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Barclays upped their price objective on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Citigroup lowered their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research note on Thursday. Finally, UBS Group reaffirmed a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a research note on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $432.13.

Microsoft Trading Down 1.3 %

Shares of MSFT opened at $399.12 on Friday. The business has a 50-day moving average of $414.86 and a 200 day moving average of $384.83. Microsoft Co. has a fifty-two week low of $275.37 and a fifty-two week high of $430.82. The firm has a market cap of $2.97 trillion, a P/E ratio of 36.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. 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 announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same quarter last year, the firm posted $2.32 EPS. The firm’s revenue for the quarter was up 17.6% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Announces Dividend

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

Insider Buying and Selling at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The stock was 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 owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

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.