SwitchPoint Financial Planning LLC Invests $1.10 Million in Microsoft Co. (NASDAQ:MSFT)

SwitchPoint Financial Planning LLC acquired a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 2,597 shares of the software giant's stock, valued at approximately $1,095,000. Microsoft makes up about 1.0% of SwitchPoint Financial Planning LLC's portfolio, making the stock its 24th biggest holding.

Several other institutional investors have also added to or reduced their stakes in MSFT. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the 4th quarter valued at $38,000. IFS Advisors LLC increased its stake in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its stake in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $62,000. Finally, Kieckhefer Group LLC acquired a new position in shares of Microsoft during the 4th quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on MSFT shares. Wedbush restated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Mizuho boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a research note on Wednesday. Finally, The Goldman Sachs Group upped their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

Insider Buying and Selling

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president now owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 in the last three months. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of Microsoft stock traded up $3.81 on Thursday, reaching $467.68. 20,094,702 shares of the stock were exchanged, compared to its average volume of 21,489,870. The firm's 50 day moving average is $413.59 and its 200-day moving average is $415.95. Microsoft Co. has a one year low of $344.79 and a one year high of $469.58. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $3.48 trillion, a PE ratio of 37.66, a P/E/G ratio of 2.21 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the firm posted $2.94 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is 25.66%.

Microsoft Company 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.