BridgePort Financial Solutions LLC Makes New $4.53 Million Investment in Microsoft Corporation (NASDAQ:MSFT)

BridgePort Financial Solutions LLC acquired a new stake in shares of Microsoft Corporation (NASDAQ:MSFT) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 11,529 shares of the software giant’s stock, valued at approximately $4,526,000. Microsoft makes up approximately 2.1% of BridgePort Financial Solutions LLC’s portfolio, making the stock its 8th biggest position.

A number of other hedge funds have also recently made changes to their positions in the business. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock valued at $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC grew its position in Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after acquiring an additional 24 shares during the last quarter. Sterling Group Wealth Management LLC grew its holdings in shares of Microsoft by 0.5% during the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock valued at $2,335,000 after purchasing an additional 25 shares during the last quarter. Kuhn & Co Investment Counsel raised its position in Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group lifted its stake in shares of Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after acquiring an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. TD Securities boosted their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $515.68.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $477.40 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm’s 50-day moving average price is $437.84 and its 200-day moving average price is $420.40. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $483.46. The company has a market cap of $3.55 trillion, a PE ratio of 36.89, a PEG ratio of 2.43 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.94 EPS. As a group, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is 25.66%.

Insiders Place Their Bets

In other news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

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.