Capital Investment Services of America Inc. increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 115,204 shares of the software giant's stock after acquiring an additional 1,026 shares during the period. Microsoft comprises 4.4% of Capital Investment Services of America Inc.'s portfolio, making the stock its 3rd biggest position. Capital Investment Services of America Inc.'s holdings in Microsoft were worth $43,247,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Adamsbrown Wealth Consultants LLC increased 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 valued at $2,515,000 after acquiring an additional 130 shares during the period. Mcdaniel Terry & Co. increased 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 valued at $133,023,000 after acquiring an additional 18,052 shares during the period. 1900 Wealth Management LLC increased 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 valued at $4,274,000 after acquiring an additional 294 shares during the period. Strategic Financial Services Inc. increased 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 valued at $7,345,000 after acquiring an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. increased 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 valued at $737,000 after acquiring an additional 1,043 shares during the period. 71.13% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research analysts have recently issued reports on MSFT shares. Mizuho lifted their price target on Microsoft from $500.00 to $540.00 and gave the company an "outperform" rating in a report on Wednesday. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research report on Thursday, May 1st. Morgan Stanley restated an "overweight" rating and set a $530.00 target price (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. UBS Group restated a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Finally, Cantor Fitzgerald restated an "overweight" rating and set a $581.00 target price (up from $512.00) on shares of Microsoft in a research note on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $541.79.
Read Our Latest Stock Analysis on MSFT
Insider Transactions at Microsoft
In other news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated 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 sale, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's 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 transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.
Microsoft Stock Performance
Shares of MSFT traded down $1.65 during mid-day trading on Friday, reaching $510.05. The company had a trading volume of 21,120,811 shares, compared to its average volume of 21,610,606. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $515.46. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a PEG ratio of 2.30 and a beta of 1.04. The stock has a 50 day moving average of $476.35 and a two-hundred day moving average of $427.88.
Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. The company's revenue was up 13.3% compared to the same quarter last year. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.
Microsoft Announces Dividend
The business 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 $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft's payout ratio is 25.66%.
About Microsoft
(
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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