Beese Fulmer Investment Management Inc. Purchases 2,066 Shares of Microsoft Corporation (NASDAQ:MSFT)

Beese Fulmer Investment Management Inc. boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 134,422 shares of the software giant's stock after buying an additional 2,066 shares during the period. Microsoft makes up approximately 4.3% of Beese Fulmer Investment Management Inc.'s holdings, making the stock its 2nd biggest holding. Beese Fulmer Investment Management Inc.'s holdings in Microsoft were worth $50,461,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of MSFT. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the first 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 last quarter. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC increased its holdings in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Wealth Group Ltd. increased its holdings in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after buying an additional 28 shares during the last quarter. Finally, RMR Wealth Builders increased its holdings in Microsoft by 3.6% during the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock worth $20,931,000 after buying an additional 1,739 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSFT. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Bank of America cut their price objective on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Cantor Fitzgerald boosted their target price on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, TD Securities upped their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $519.43.

Microsoft Price Performance

Microsoft stock opened at $492.27 on Thursday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $494.56. The stock's 50 day moving average price is $444.31 and its two-hundred day moving average price is $421.40. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market capitalization of $3.66 trillion, a price-to-earnings ratio of 38.04, a PEG ratio of 2.49 and a beta of 1.03.

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

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

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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