Allen Mooney & Barnes Investment Advisors LLC trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 46,788 shares of the software giant's stock after selling 12,296 shares during the quarter. Microsoft accounts for 2.9% of Allen Mooney & Barnes Investment Advisors LLC's portfolio, making the stock its 7th largest holding. Allen Mooney & Barnes Investment Advisors LLC's holdings in Microsoft were worth $17,564,000 as of its most recent SEC filing.
Other institutional investors also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC boosted its holdings in shares of Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its holdings in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. boosted its holdings in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its holdings in shares of Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
MSFT has been the topic of several recent analyst reports. Westpark Capital reissued a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Stifel Nicolaus upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Tigress Financial upped their price objective on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a report on Thursday, March 20th. Raymond James Financial upped their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Finally, Oppenheimer raised Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a report on Wednesday, July 9th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.
Read Our Latest Analysis on MSFT
Microsoft Price Performance
MSFT opened at $503.02 on Tuesday. 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 $506.78. The company has a fifty day simple moving average of $471.98 and a 200 day simple moving average of $426.18. The stock has a market cap of $3.74 trillion, a P/E ratio of 38.87, a P/E/G ratio of 2.28 and a beta of 1.04.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The firm's quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.
Insiders Place Their Bets
In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Profile
(
Free Report)
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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