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Firethorn Wealth Partners LLC Purchases 714 Shares of Microsoft Corporation (NASDAQ:MSFT)

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Firethorn Wealth Partners LLC raised its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,449 shares of the software giant's stock after buying an additional 714 shares during the quarter. Microsoft accounts for about 1.9% of Firethorn Wealth Partners LLC's portfolio, making the stock its 13th largest position. Firethorn Wealth Partners LLC's holdings in Microsoft were worth $3,922,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of the stock. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $38,000. LSV Asset Management acquired a new stake in shares of Microsoft during the fourth quarter worth $44,000. Fairway Wealth LLC bought a new stake in Microsoft in the 4th quarter valued at $62,000. Finally, IFS Advisors LLC boosted its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT traded up $7.16 during mid-day trading on Friday, reaching $498.25. 13,984,829 shares of the company's stock were exchanged, compared to its average volume of 21,692,275. The business's fifty day simple moving average is $459.28 and its two-hundred day simple moving average is $423.37. Microsoft Corporation has a one year low of $344.79 and a one year high of $500.76. The firm has a market capitalization of $3.70 trillion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. 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 announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the firm earned $2.94 EPS. The company's quarterly revenue was up 13.3% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed 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. 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 0.67%. Microsoft's payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Raymond James Financial lifted their price target on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Cantor Fitzgerald boosted their target price on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Finally, Bank of America decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $524.71.

Check Out Our Latest Stock Analysis on Microsoft

Insider Buying and Selling

In related news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by company insiders.

About Microsoft

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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