Invesco LLC Has $6.56 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Invesco LLC raised its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 24.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,462 shares of the software giant's stock after acquiring an additional 3,436 shares during the period. Microsoft makes up approximately 2.7% of Invesco LLC's investment portfolio, making the stock its 7th largest position. Invesco LLC's holdings in Microsoft were worth $6,555,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Brady Martz Wealth Solutions LLC lifted its stake in Microsoft by 1.4% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after purchasing an additional 95 shares during the last quarter. Mcdaniel Terry & Co. lifted its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Strategic Financial Services Inc. lifted its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Elevate Wealth Advisory Inc. lifted its stake in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Intellus Advisors LLC bought a new stake in Microsoft during the fourth quarter worth $16,075,000. Institutional investors own 71.13% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on MSFT. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Bank of America upped their price target on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a report on Thursday. Morgan Stanley upped their price target on shares of Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a report on Thursday. Jefferies Financial Group upped their price target on shares of Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a report on Saturday. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $609.86.

Microsoft Price Performance

Microsoft stock opened at $524.11 on Monday. The firm has a 50-day moving average price of $489.94 and a 200-day moving average price of $435.01. The firm has a market capitalization of $3.90 trillion, a PE ratio of 38.42, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm's revenue was up 18.1% compared to the same quarter last year. During the same quarter last year, the firm posted $2.95 EPS. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. 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 0.6%. Microsoft's dividend payout ratio (DPR) is 24.34%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,743 shares of company stock worth $24,921,913. Company insiders own 0.03% of the company's stock.

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.

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