Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Insigneo Advisory Services LLC

Insigneo Advisory Services LLC grew its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 83,979 shares of the software giant's stock after purchasing an additional 2,673 shares during the period. Microsoft makes up approximately 3.3% of Insigneo Advisory Services LLC's investment portfolio, making the stock its 5th largest holding. Insigneo Advisory Services LLC's holdings in Microsoft were worth $31,525,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. WFA Asset Management Corp increased its position in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the last quarter. 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. Wealth Group Ltd. increased its position in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after buying an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick acquired a new position in Microsoft during the fourth quarter worth approximately $1,375,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.6%

NASDAQ MSFT traded up $2.83 on Friday, reaching $513.71. The company had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. The firm has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $518.29. The business has a 50 day moving average of $483.52 and a two-hundred day moving average of $431.52. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. Microsoft's payout ratio is currently 25.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. DA Davidson upped their target price on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley reaffirmed an "overweight" rating and issued a $530.00 target price (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Raymond James Financial upped their target price on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a research report on Monday, June 30th. Finally, Mizuho upped their target price on Microsoft from $500.00 to $540.00 and gave the company an "outperform" rating in a research report on Wednesday, July 16th. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $551.21.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible 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 owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

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.