Integrated Advisors Network LLC Acquires 470 Shares of Microsoft Co. (NASDAQ:MSFT)

Integrated Advisors Network LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 83,658 shares of the software giant’s stock after purchasing an additional 470 shares during the quarter. Microsoft comprises about 1.8% of Integrated Advisors Network LLC’s portfolio, making the stock its 6th biggest position. Integrated Advisors Network LLC’s holdings in Microsoft were worth $31,459,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the business. FMR LLC raised its stake in Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after acquiring an additional 5,762,902 shares during the last quarter. Norges Bank acquired a new stake in shares of Microsoft during the fourth quarter worth about $35,920,047,000. Barclays PLC boosted its position in Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after buying an additional 2,456,190 shares during the last quarter. International Assets Investment Management LLC acquired a new position in Microsoft in the 4th quarter worth approximately $9,625,201,000. Finally, Jennison Associates LLC raised its position in Microsoft by 1.1% during the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock worth $9,591,126,000 after buying an additional 277,881 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of MSFT stock traded up $0.99 during trading hours on Friday, reaching $442.57. The company had a trading volume of 13,581,985 shares, compared to its average volume of 17,602,950. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $443.40. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $3.29 trillion, a price-to-earnings ratio of 38.32, a PEG ratio of 2.34 and a beta of 0.89. The stock has a fifty day moving average of $417.71 and a 200-day moving average of $404.64.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the prior year, the business earned $2.45 EPS. The firm’s quarterly revenue was up 17.0% on a year-over-year basis. On average, equities analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued 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 dividend yield of 0.68%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Activity

In related news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now directly owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Morgan Stanley upped their price objective on shares of Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Stifel Nicolaus reissued a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. UBS Group restated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target for the company. Finally, New Street Research initiated coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective on the stock. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $465.83.

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.