BNC Wealth Management LLC Buys 712 Shares of Microsoft Corporation (NASDAQ:MSFT)

BNC Wealth Management LLC boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 37,821 shares of the software giant's stock after buying an additional 712 shares during the period. Microsoft makes up approximately 5.1% of BNC Wealth Management LLC's investment portfolio, making the stock its 4th largest holding. BNC Wealth Management LLC's holdings in Microsoft were worth $14,198,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Microsoft in the 4th quarter worth approximately $44,343,058,000. GAMMA Investing LLC boosted its position in Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant's stock worth $17,528,950,000 after purchasing an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC boosted its position in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after purchasing an additional 16,788,816 shares in the last quarter. Northern Trust Corp boosted its position in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Down 0.3%

Shares of MSFT traded down $1.65 during midday trading on Friday, hitting $510.05. The company had a trading volume of 21,075,124 shares, compared to its average volume of 21,610,163. The company's 50-day simple moving average is $476.35 and its 200-day simple moving average is $427.88. 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 firm has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $515.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results 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 during 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 firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This 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 valued at $60,224,683 over the last 90 days. Insiders own 0.03% of the company's stock.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Raymond James Financial increased their target price on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Cantor Fitzgerald reiterated an "overweight" rating and set a $581.00 target price (up previously from $512.00) on shares of Microsoft in a research report on Wednesday. Wedbush increased their target price on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, Guggenheim restated 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

Microsoft Company 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.