Better Money Decisions LLC Has $1.31 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Better Money Decisions LLC boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 26.0% in the first quarter, according to its most recent filing with the SEC. The firm owned 3,477 shares of the software giant's stock after acquiring an additional 718 shares during the period. Microsoft accounts for 0.9% of Better Money Decisions LLC's portfolio, making the stock its 22nd largest position. Better Money Decisions LLC's holdings in Microsoft were worth $1,305,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted 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 valued at $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC grew its position 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 valued at $1,144,000 after purchasing an additional 2,138 shares during the period. Wealth Group Ltd. increased its stake in Microsoft by 1.2% during 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 acquired a new stake in Microsoft during the 4th quarter worth approximately $1,375,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on MSFT shares. Bank of America lowered 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. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. DA Davidson increased their price objective on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday. Morgan Stanley reaffirmed an "overweight" rating and set a $530.00 price target (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Finally, Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $524.71.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $7.16 during trading on Friday, reaching $498.25. 13,984,829 shares of the stock were exchanged, compared to its average volume of 21,692,275. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $500.76. The stock has a 50-day moving average price of $459.28 and a 200-day moving average price of $423.37. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm 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%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 EPS. Research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of Microsoft 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 directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

About Microsoft

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.