Kelly Financial Group LLC Increases Position in Microsoft Corporation (NASDAQ:MSFT)

Kelly Financial Group LLC lifted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 10.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 9,902 shares of the software giant's stock after acquiring an additional 926 shares during the quarter. Microsoft accounts for 0.6% of Kelly Financial Group LLC's holdings, making the stock its 19th biggest position. Kelly Financial Group LLC's holdings in Microsoft were worth $3,717,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% during 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. grew its position in Microsoft by 6.1% during 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 grew its position in Microsoft by 3.0% during 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. grew its position in Microsoft by 7.8% during 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. grew its position in Microsoft by 147.9% during 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. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several equities analysts have issued reports on MSFT shares. The Goldman Sachs Group increased their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. BMO Capital Markets increased their price objective on shares of Microsoft from $485.00 to $550.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Finally, UBS Group reaffirmed a "positive" rating on shares of Microsoft in a report on Monday, June 30th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $541.79.

Microsoft Trading Down 0.3%

Shares of MSFT traded down $1.65 during trading on Friday, reaching $510.05. 21,120,811 shares of the company traded hands, compared to its average volume of 21,614,929. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. The stock has a market cap of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The stock has a 50-day simple moving average of $477.78 and a 200-day simple moving average of $428.49. 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 (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the business earned $2.94 EPS. On average, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company 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. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Microsoft 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.