Envestnet Portfolio Solutions Inc. Has $171.13 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Envestnet Portfolio Solutions Inc. has reduced its stake in Microsoft Corporation by 17.5%, selling 97,033 shares and now holding 455,878 shares valued at approximately $171.1 million.
• Several institutional investors have adjusted their positions in Microsoft, with Newton One Investments LLC significantly increasing its stake by 66.7%.
• Microsoft announced a quarterly dividend of $0.83 per share, set to be paid on September 11th, highlighting a 0.65% dividend yield.

Envestnet Portfolio Solutions Inc. lessened its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 17.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 455,878 shares of the software giant's stock after selling 97,033 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Microsoft were worth $171,132,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares during the last quarter. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter worth $44,343,058,000. Northern Trust Corp grew its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Up 0.6%

NASDAQ:MSFT traded up $2.83 on Friday, hitting $513.71. 19,103,456 shares of the stock were exchanged, compared to its average volume of 16,594,816. The stock has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $518.29. 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's 50-day moving average price is $483.52 and its 200 day moving average price is $431.52.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm 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 company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 EPS. On average, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on MSFT. DA Davidson raised their price objective on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Wells Fargo & Company lifted their price target on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. KeyCorp reiterated a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, UBS Group lifted their price target on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus price target of $551.21.

Insider Buying and Selling

In other news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were 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 trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Insiders own 0.03% of the company's stock.

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.