Beck Bode LLC decreased its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 94.5% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,319 shares of the software giant's stock after selling 40,032 shares during the period. Beck Bode LLC's holdings in Microsoft were worth $977,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% in the fourth 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. raised its holdings in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC lifted 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 during the last quarter. Strategic Financial Services Inc. boosted its stake 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 valued at $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by institutional investors.
Insider Buying and Selling
In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. Company insiders own 0.03% of the company's stock.
Analyst Ratings Changes
Several analysts have issued reports on MSFT shares. Wall Street Zen lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Saturday. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Royal Bank of Canada reiterated an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. JPMorgan Chase & Co. raised their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price target on shares of Microsoft and gave the company an "outperform" rating in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $515.68.
Check Out Our Latest Stock Analysis on Microsoft
Microsoft Stock Performance
NASDAQ:MSFT traded up $4.18 during mid-day trading on Monday, reaching $479.14. The company's stock had a trading volume of 15,536,581 shares, compared to its average volume of 21,515,256. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.56 trillion, a P/E ratio of 38.58, a PEG ratio of 2.21 and a beta of 1.03. The firm's fifty day moving average price is $428.05 and its two-hundred day moving average price is $418.55. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $480.64.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the company earned $2.94 earnings per share. The firm's quarterly revenue was up 13.3% on a year-over-year basis. On average, equities analysts forecast that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid 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 0.69%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.
Microsoft Profile
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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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