Microsoft Co. (NASDAQ:MSFT) Shares Purchased by HBK Sorce Advisory LLC

HBK Sorce Advisory LLC grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,786 shares of the software giant's stock after purchasing an additional 2,254 shares during the period. Microsoft makes up approximately 1.1% of HBK Sorce Advisory LLC's holdings, making the stock its 10th largest holding. HBK Sorce Advisory LLC's holdings in Microsoft were worth $37,002,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MSFT. Penobscot Wealth Management raised its position in Microsoft by 5.9% in the fourth quarter. Penobscot Wealth Management now owns 2,600 shares of the software giant's stock valued at $1,096,000 after purchasing an additional 145 shares during the period. 1776 Wealth LLC grew its stake in shares of Microsoft by 1.7% in the fourth quarter. 1776 Wealth LLC now owns 19,311 shares of the software giant's stock valued at $8,140,000 after buying an additional 318 shares in the last quarter. Tillman Hartley LLC raised its holdings in shares of Microsoft by 14.9% during the 4th quarter. Tillman Hartley LLC now owns 7,272 shares of the software giant's stock valued at $3,065,000 after buying an additional 943 shares during the period. Once Capital Management LLC lifted its position in Microsoft by 8.8% during the 4th quarter. Once Capital Management LLC now owns 29,800 shares of the software giant's stock worth $12,561,000 after acquiring an additional 2,400 shares in the last quarter. Finally, LFA Lugano Financial Advisors SA boosted its holdings in Microsoft by 3.8% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 5,975 shares of the software giant's stock worth $2,518,000 after acquiring an additional 218 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. Barclays lifted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. StockNews.com raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Monday, May 5th. TD Securities upped their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Tigress Financial raised their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Finally, Citigroup boosted their price target on Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a research note on Thursday, May 15th. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $512.63.

Microsoft Stock Performance

MSFT traded down $5.60 on Wednesday, hitting $452.57. 19,196,249 shares of the company's stock were exchanged, compared to its average volume of 21,549,924. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a fifty day moving average of $398.43 and a two-hundred day moving average of $413.04. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The firm has a market cap of $3.36 trillion, a PE ratio of 36.44, a P/E/G ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly 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 analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.94 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.73%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the business's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on 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 completion of the transaction, the executive vice president now directly owns 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 110,243 shares of company stock valued at $48,619,618. 0.03% of the stock is currently owned by company insiders.

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.