D.A. Davidson & CO. Acquires 11,501 Shares of Microsoft Corporation $MSFT

Key Points

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D.A. Davidson & CO. lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 750,824 shares of the software giant's stock after purchasing an additional 11,501 shares during the period. Microsoft accounts for 2.3% of D.A. Davidson & CO.'s holdings, making the stock its 6th biggest holding. D.A. Davidson & CO.'s holdings in Microsoft were worth $281,852,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Brady Martz Wealth Solutions LLC lifted its holdings in Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock valued at $2,496,000 after buying an additional 95 shares during the period. Mcdaniel Terry & Co. lifted its holdings 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 period. Strategic Financial Services Inc. lifted its holdings 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 period. Elevate Wealth Advisory Inc. lifted its holdings 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 period. Finally, Intellus Advisors LLC acquired a new position in Microsoft in the fourth quarter valued at $16,075,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Price Performance

Microsoft stock opened at $517.10 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a fifty day simple moving average of $503.49 and a 200-day simple moving average of $441.90. The firm has a market capitalization of $3.84 trillion, a price-to-earnings ratio of 37.91, a PEG ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the prior year, the firm posted $2.95 earnings per share. Microsoft's quarterly revenue was up 18.1% on a year-over-year basis. On average, equities analysts anticipate 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Activity

In other news, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction 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 approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,350 shares of company stock valued at $14,162,567. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSFT shares. BMO Capital Markets lifted their price target on shares of Microsoft from $550.00 to $650.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. The Goldman Sachs Group lifted their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. UBS Group reaffirmed a "buy" rating and issued a $650.00 price target (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Royal Bank Of Canada lifted their price target on shares of Microsoft from $525.00 to $640.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Finally, Citigroup lifted their price target on shares of Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a research note on Tuesday, July 22nd. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus price target of $612.54.

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.

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