Microsoft Corporation (NASDAQ:MSFT) is Daymark Wealth Partners LLC's 2nd Largest Position

Daymark Wealth Partners LLC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 392,393 shares of the software giant's stock after selling 1,080 shares during the quarter. Microsoft accounts for about 5.0% of Daymark Wealth Partners LLC's investment portfolio, making the stock its 2nd biggest position. Daymark Wealth Partners LLC's holdings in Microsoft were worth $147,300,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in MSFT. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% during the 1st 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. grew its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. lifted 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 purchasing an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new position in shares of Microsoft during the 4th quarter worth approximately $1,375,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 0.4%

MSFT stock traded down $2.03 during midday trading on Thursday, reaching $501.48. 16,466,043 shares of the company traded hands, compared to its average volume of 21,666,022. The firm has a market capitalization of $3.73 trillion, a price-to-earnings ratio of 38.75, a P/E/G ratio of 2.25 and a beta of 1.04. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78. The business has a 50 day moving average of $467.76 and a 200-day moving average of $424.96. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 earnings per share. The business's revenue was up 13.3% compared to the same quarter last year. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm'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 sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Mizuho upped their price objective on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. The Goldman Sachs Group upped their price objective on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. UBS Group restated a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Finally, DA Davidson upped their price objective on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $534.14.

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.