Copia Wealth Management Acquires Shares of 2,131 Microsoft Corporation (NASDAQ:MSFT)

Copia Wealth Management bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,131 shares of the software giant's stock, valued at approximately $898,000.

A number of other large investors have also modified their holdings of the business. Elite Financial Inc. acquired a new position in shares of Microsoft during the 4th quarter worth approximately $270,000. Arcadia Wealth Management Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $673,000. Wood Tarver Financial Group LLC purchased a new position in Microsoft during the fourth quarter worth approximately $2,595,000. Kilter Group LLC acquired a new position in Microsoft during the fourth quarter worth $678,000. Finally, TFR Capital LLC. acquired a new position in Microsoft during the fourth quarter worth $12,493,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

A number of analysts have issued reports on the company. UBS Group cut their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Sunday. Wells Fargo & Company reaffirmed an "overweight" rating and set a $565.00 target price (up from $515.00) on shares of Microsoft in a research note on Friday, June 13th. Stifel Nicolaus increased their price target on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. 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 thirty have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Microsoft Price Performance

MSFT stock opened at $477.40 on Friday. The stock's 50 day moving average price is $437.84 and its 200 day moving average price is $420.40. The firm has a market cap of $3.55 trillion, a P/E ratio of 36.89, a PEG ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $483.46.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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 analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.94 earnings per share. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced 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 of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insiders Place Their Bets

In related news, EVP Takeshi Numoto sold 1,000 shares of the company's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% 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 in the last ninety days. Insiders own 0.03% of the company's stock.

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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