EverSource Wealth Advisors LLC Has $24.72 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

EverSource Wealth Advisors LLC raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 8.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 58,639 shares of the software giant's stock after acquiring an additional 4,361 shares during the quarter. Microsoft accounts for about 1.6% of EverSource Wealth Advisors LLC's portfolio, making the stock its 10th biggest holding. EverSource Wealth Advisors LLC's holdings in Microsoft were worth $24,716,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter valued at about $38,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management lifted its position in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares in the last quarter. MidAtlantic Capital Management Inc. purchased a new stake in shares of Microsoft in the 3rd quarter valued at approximately $62,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the 4th quarter worth approximately $62,000. Institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded down $0.70 during trading hours on Tuesday, reaching $458.17. 15,422,215 shares of the company were exchanged, compared to its average volume of 21,538,085. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock's fifty day moving average is $396.84 and its two-hundred day moving average is $412.71. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35. The company has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.89, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its 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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The firm's quarterly revenue was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a yield of 0.72%. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. Morgan Stanley increased their price objective on Microsoft from $472.00 to $482.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Wells Fargo & Company upped their price target on Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. TD Securities raised their price objective on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets increased their price target on Microsoft from $470.00 to $485.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $510.30.

Insider Buying and Selling at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $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 is available at this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 110,243 shares of company stock worth $48,619,618. Company 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.