Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by GGM Financials LLC

GGM Financials LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 27.7% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,959 shares of the software giant's stock after acquiring an additional 642 shares during the period. Microsoft makes up approximately 0.8% of GGM Financials LLC's holdings, making the stock its 20th biggest position. GGM Financials LLC's holdings in Microsoft were worth $1,111,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. bought a new stake in Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $38,000. LSV Asset Management purchased a new stake in shares of Microsoft in the 4th quarter worth $44,000. IFS Advisors LLC raised its holdings 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. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter valued at $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider owned 471,036 shares of the company's stock, valued at $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the 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 sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.2%

Shares of NASDAQ MSFT traded down $1.12 during midday trading on Monday, hitting $497.72. The company's stock had a trading volume of 13,791,654 shares, compared to its average volume of 21,684,120. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $500.76. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.70 trillion, a P/E ratio of 38.46, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The business's 50 day moving average is $461.41 and its two-hundred day moving average is $423.48.

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. The business had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.94 earnings per share. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. 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 dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent research reports. Wedbush raised their price objective on Microsoft from $515.00 to $600.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 25th. UBS Group restated a "positive" rating on shares of Microsoft in a research note on Monday, June 30th. Citigroup increased their price objective on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald upped their target price on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $524.71.

Microsoft Company 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.