IVC Wealth Advisors LLC Has $1.45 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

IVC Wealth Advisors LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 41.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,867 shares of the software giant's stock after acquiring an additional 1,133 shares during the period. Microsoft accounts for 0.8% of IVC Wealth Advisors LLC's holdings, making the stock its 28th largest position. IVC Wealth Advisors LLC's holdings in Microsoft were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the period. Geode Capital Management LLC boosted its stake in shares of Microsoft by 1.9% in the fourth quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after buying an additional 3,103,212 shares during the period. Norges Bank bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $44,343,058,000. Northern Trust Corp boosted its stake in shares of Microsoft by 16.1% in the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock valued at $25,273,704,000 after buying an additional 5,370,546 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of Microsoft stock opened at $497.45 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $498.04. The stock has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.50 and a beta of 1.03. The company's fifty day moving average is $446.90 and its 200 day moving average is $421.75.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. Sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft's dividend payout ratio is 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the 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 completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 1,000 shares of the stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price target on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research note on Wednesday, May 21st. TD Securities boosted their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Wedbush boosted their price target on Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Cantor Fitzgerald boosted their price objective on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $521.14.

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.

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