Microsoft Corporation (NASDAQ:MSFT) is Jamison Private Wealth Management Inc.'s 2nd Largest Position

Key Points

• Jamison Private Wealth Management Inc. decreased its stake in Microsoft Corporation to around $24.11 million, making it approximately 3.7% of their portfolio and their second largest holding.
• Several hedge funds have adjusted their positions in Microsoft, with insider stock sales totaling around $60.22 million over the last ninety days and corporate insiders owning just 0.03% of the stock.
• Bank of America and other analysts have revised their price targets for Microsoft upwards, with the average rating being a "Moderate Buy" and a consensus price target of $555.86.

Jamison Private Wealth Management Inc. lowered its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 64,233 shares of the software giant's stock after selling 623 shares during the period. Microsoft comprises about 3.7% of Jamison Private Wealth Management Inc.'s investment portfolio, making the stock its 2nd biggest holding. Jamison Private Wealth Management Inc.'s holdings in Microsoft were worth $24,113,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of MSFT. Brady Martz Wealth Solutions LLC raised its position in Microsoft by 1.4% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock valued at $2,496,000 after purchasing an additional 95 shares during the last quarter. Mcdaniel Terry & Co. boosted its position in Microsoft by 6.1% in the 4th 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 last quarter. 1900 Wealth Management LLC increased its stake in shares of Microsoft by 3.0% in the 4th 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. raised its position in shares of 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 acquiring an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its position in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after purchasing an additional 1,043 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company's stock.

Microsoft Trading Up 4.2%

Shares of MSFT traded up $21.65 during trading hours on Thursday, reaching $534.89. 22,422,721 shares of the company traded hands, compared to its average volume of 22,175,734. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The company's fifty day moving average price is $486.89 and its two-hundred day moving average price is $433.33. The company has a market capitalization of $3.98 trillion, a price-to-earnings ratio of 41.43, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. 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 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's revenue was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.62%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on MSFT. KeyCorp upgraded Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price for the company in a research report on Thursday. Westpark Capital reissued a "hold" rating on shares of Microsoft in a research note on Thursday. BMO Capital Markets increased their price target on Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday. The Goldman Sachs Group lifted their price objective on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Three analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $598.61.

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.