Cliftonlarsonallen Wealth Advisors LLC Purchases 1,974 Shares of Microsoft Corporation (NASDAQ:MSFT)

Cliftonlarsonallen Wealth Advisors LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 38,892 shares of the software giant's stock after acquiring an additional 1,974 shares during the period. Cliftonlarsonallen Wealth Advisors LLC's holdings in Microsoft were worth $14,600,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. WFA Asset Management Corp boosted its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its holdings in 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 period. Discipline Wealth Solutions LLC grew its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. grew its holdings 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 acquiring an additional 28 shares during the period. Finally, Tallon Kerry Patrick bought a new position in shares of Microsoft during the 4th quarter worth about $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In other 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 transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business's 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 sale, the executive vice president owned 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. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have commented on the stock. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a research report on Wednesday, July 9th. Guggenheim restated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. JPMorgan Chase & Co. raised their price target on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Stifel Nicolaus upped their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen downgraded shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Monday, June 30th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $538.04.

Microsoft Price Performance

Microsoft stock opened at $511.70 on Friday. The firm has a market capitalization of $3.80 trillion, a PE ratio of 39.54, a P/E/G ratio of 2.30 and a beta of 1.04. 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 firm's 50-day simple moving average is $476.35 and its 200 day simple moving average is $427.88. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $513.37.

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

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date 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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