Accurate Wealth Management LLC Boosts Stake in Microsoft Corporation (NASDAQ:MSFT)

Accurate Wealth Management LLC boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 25,554 shares of the software giant's stock after acquiring an additional 1,087 shares during the period. Microsoft accounts for about 1.8% of Accurate Wealth Management LLC's portfolio, making the stock its 7th biggest position. Accurate Wealth Management LLC's holdings in Microsoft were worth $9,924,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the 4th quarter valued at $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the 4th quarter valued at $38,000. LSV Asset Management bought a new position in shares of Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC increased its stake in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft in the 4th quarter valued at $62,000. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the transaction, the insider owned 476,999 shares in the company, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.4%

Shares of NASDAQ:MSFT opened at $501.48 on Friday. The business's 50 day simple moving average is $469.28 and its two-hundred day simple moving average is $425.41. The firm has a market cap of $3.73 trillion, a P/E ratio of 38.75, a PEG ratio of 2.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 earnings per share. The company's quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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 issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Citigroup lifted their price target on Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Stifel Nicolaus lifted their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Tigress Financial raised their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a report on Thursday, March 20th. The Goldman Sachs Group raised their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $534.14.

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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