Frank Rimerman Advisors LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 120,380 shares of the software giant's stock after selling 13,330 shares during the period. Microsoft accounts for about 3.7% of Frank Rimerman Advisors LLC's investment portfolio, making the stock its 7th biggest holding. Frank Rimerman Advisors LLC's holdings in Microsoft were worth $50,740,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp raised its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. increased its position in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC increased its position in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB lifted its position in shares of Microsoft by 0.4% in the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares during the last quarter. Finally, Pettinga Financial Advisors LLC lifted its position in shares of Microsoft by 1.4% in the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock valued at $3,334,000 after buying an additional 109 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of recent analyst reports. Raymond James boosted their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Barclays raised their target price on shares of Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Finally, Royal Bank of Canada lifted their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $512.63.
Check Out Our Latest Research Report on Microsoft
Microsoft Stock Performance
NASDAQ:MSFT opened at $452.57 on Thursday. The stock has a fifty day moving average price of $399.71 and a 200-day moving average price of $413.31. The company has a market cap of $3.36 trillion, a price-to-earnings ratio of 36.44, a PEG ratio of 2.21 and a beta of 0.99. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $468.35.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 business 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 firm earned $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Insider Buying and Selling
In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated 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 now owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president now directly owns 98,010 shares of the company's stock, valued at approximately $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 90 days, insiders have sold 110,243 shares of company stock worth $48,619,618. Corporate insiders own 0.03% of the company's stock.
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.
Further Reading
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).
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