Claris Advisors LLC MO Has $2.65 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Claris Advisors LLC MO boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 31.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,048 shares of the software giant's stock after buying an additional 1,666 shares during the quarter. Microsoft accounts for about 1.0% of Claris Advisors LLC MO's portfolio, making the stock its 17th largest holding. Claris Advisors LLC MO's holdings in Microsoft were worth $2,646,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC lifted 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 valued at $2,515,000 after buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. lifted its position in Microsoft by 6.1% in the fourth 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 during the last quarter. 1900 Wealth Management LLC lifted its position in Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. lifted its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its position in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on MSFT shares. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. DA Davidson increased their price target on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Evercore ISI increased their price target on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday. Wedbush reissued an "outperform" rating and set a $600.00 price target on shares of Microsoft in a research report on Friday. Finally, Wall Street Zen cut shares of Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $551.21.

Microsoft Price Performance

Microsoft stock traded up $2.83 on Friday, reaching $513.71. The company's stock had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. 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 company has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.32 and a beta of 1.04. The business's fifty day moving average price is $483.52 and its 200 day moving average price is $431.47. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $518.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. Equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated 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 transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by company insiders.

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.