Impact Capital Partners LLC Buys 507 Shares of Microsoft Corporation (NASDAQ:MSFT)

Impact Capital Partners LLC lifted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,081 shares of the software giant's stock after purchasing an additional 507 shares during the quarter. Microsoft comprises about 5.0% of Impact Capital Partners LLC's investment portfolio, making the stock its largest holding. Impact Capital Partners LLC's holdings in Microsoft were worth $13,920,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC lifted its holdings in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. lifted its holdings in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after buying an additional 18,052 shares during the period. 1900 Wealth Management LLC lifted its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the period. Strategic Financial Services Inc. lifted its holdings in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. lifted its holdings in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Up 1.5%

Microsoft stock traded up $7.16 during mid-day trading on Friday, hitting $498.25. The company's stock had a trading volume of 13,984,829 shares, compared to its average volume of 21,715,135. The firm's 50 day moving average is $461.41 and its 200 day moving average is $423.57. The company has a market cap of $3.70 trillion, a PE ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted 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. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the business earned $2.94 EPS. The business's quarterly revenue was up 13.3% on a year-over-year basis. On average, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. KeyCorp restated a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Scotiabank upped their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. Bank of America cut their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus upped their target price on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $524.71.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $2,599,020.00. Following the sale, the insider directly 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 disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate 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.