3,836 Shares in Microsoft Corporation (NASDAQ:MSFT) Bought by Viewpoint Investment Partners Corp

Viewpoint Investment Partners Corp bought a new stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 3,836 shares of the software giant's stock, valued at approximately $1,440,000. Microsoft accounts for 0.8% of Viewpoint Investment Partners Corp's portfolio, making the stock its 12th biggest position.

A number of other institutional investors also recently modified their holdings of the business. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. lifted its holdings in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after purchasing an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick bought a new position in shares of Microsoft in the 4th quarter worth $1,375,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on MSFT shares. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank Of Canada reissued an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Raymond James Financial lifted their target price on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Finally, Scotiabank lifted their price target on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $538.04.

Microsoft Trading Up 1.2%

Microsoft stock opened at $511.70 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. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $513.37. The company's fifty day simple moving average is $476.35 and its 200-day simple moving average is $427.88. The stock has a market cap of $3.80 trillion, a P/E ratio of 39.54, a P/E/G ratio of 2.30 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the previous year, the business earned $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider directly owned 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. 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.

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