RDA Financial Network Has $11.07 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

RDA Financial Network lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 9.0% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,777 shares of the software giant's stock after purchasing an additional 2,042 shares during the quarter. Microsoft comprises about 3.6% of RDA Financial Network's investment portfolio, making the stock its biggest position. RDA Financial Network's holdings in Microsoft were worth $11,074,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Friedenthal Financial acquired a new stake in shares of Microsoft during the 4th quarter worth $45,000. Richardson Capital Management LLC increased its stake in Microsoft by 1,290.0% during the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant's stock worth $59,000 after acquiring an additional 129 shares during the last quarter. Neo Ivy Capital Management purchased a new position in shares of Microsoft in the 4th quarter worth about $58,000. Bellevue Group AG lifted its stake in shares of Microsoft by 47.5% in the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant's stock valued at $76,000 after purchasing an additional 58 shares in the last quarter. Finally, PayPay Securities Corp grew its holdings in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant's stock worth $71,000 after purchasing an additional 36 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In related news, CEO Satya Nadella sold 14,398 shares of the stock in a transaction on Friday, August 23rd. The stock was sold at an average price of $417.41, for a total transaction of $6,009,869.18. Following the completion of the sale, the chief executive officer now directly owns 786,933 shares in the company, valued at $328,473,703.53. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the business's stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the sale, the chief marketing officer now owns 47,011 shares of the company's stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Satya Nadella sold 14,398 shares of the stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $417.41, for a total value of $6,009,869.18. Following the transaction, the chief executive officer now directly owns 786,933 shares in the company, valued at approximately $328,473,703.53. The disclosure for this sale can be found here. Insiders own 0.03% of the company's stock.

Microsoft Trading Up 1.0 %

Shares of Microsoft stock traded up $4.02 during trading on Friday, hitting $417.14. The stock had a trading volume of 24,299,239 shares, compared to its average volume of 20,766,451. The company has a quick ratio of 1.23, a current ratio of 1.27 and a debt-to-equity ratio of 0.16. The company has a market capitalization of $3.10 trillion, a PE ratio of 36.12, a P/E/G ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 1 year low of $309.45 and a 1 year high of $468.35. The stock has a 50 day simple moving average of $432.34 and a 200 day simple moving average of $422.67.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, topping the consensus estimate of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts' expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. Microsoft's revenue was up 15.2% compared to the same quarter last year. During the same quarter last year, the firm posted $2.69 earnings per share. On average, research analysts expect that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a $0.75 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.72%. Microsoft's dividend payout ratio is presently 25.97%.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on MSFT. Macquarie raised their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an "outperform" rating in a research note on Friday, May 17th. BMO Capital Markets increased their target price on Microsoft from $465.00 to $500.00 and gave the company an "outperform" rating in a research note on Friday, July 12th. TD Cowen boosted their price objective on Microsoft from $470.00 to $495.00 and gave the company a "buy" rating in a report on Thursday, July 18th. Mizuho boosted their price target on Microsoft from $450.00 to $480.00 and gave the company an "outperform" rating in a report on Tuesday, July 16th. Finally, Truist Financial reaffirmed a "buy" rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, June 17th. Two investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $494.72.

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.