Microsoft Corporation (NASDAQ:MSFT) is Key Client Fiduciary Advisors LLC's 5th Largest Position

Key Client Fiduciary Advisors LLC reduced its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 29.0% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 16,937 shares of the software giant's stock after selling 6,912 shares during the quarter. Microsoft comprises about 2.9% of Key Client Fiduciary Advisors LLC's portfolio, making the stock its 5th largest holding. Key Client Fiduciary Advisors LLC's holdings in Microsoft were worth $6,358,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Long Run Wealth Advisors LLC boosted its position in Microsoft by 13.0% in the 1st quarter. Long Run Wealth Advisors LLC now owns 16,146 shares of the software giant's stock worth $6,061,000 after purchasing an additional 1,854 shares in the last quarter. Brand Asset Management Group Inc. boosted its position in Microsoft by 1.4% during the first quarter. Brand Asset Management Group Inc. now owns 4,569 shares of the software giant's stock worth $1,715,000 after purchasing an additional 65 shares in the last quarter. TruWealth Advisors LLC grew its holdings in Microsoft by 3.6% in the first quarter. TruWealth Advisors LLC now owns 92,172 shares of the software giant's stock valued at $34,601,000 after purchasing an additional 3,232 shares during the period. Granite Bay Wealth Management LLC grew its holdings in Microsoft by 8.7% in the first quarter. Granite Bay Wealth Management LLC now owns 18,947 shares of the software giant's stock valued at $7,113,000 after purchasing an additional 1,510 shares during the period. Finally, Firethorn Wealth Partners LLC increased its position in shares of Microsoft by 7.3% in the first quarter. Firethorn Wealth Partners LLC now owns 10,449 shares of the software giant's stock valued at $3,922,000 after buying an additional 714 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. Tigress Financial lifted their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Cantor Fitzgerald upped their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Microsoft Trading Up 1.5%

MSFT traded up $7.16 during mid-day trading on Friday, hitting $498.25. 13,984,829 shares of the stock were exchanged, compared to its average volume of 21,692,275. The firm's fifty day moving average is $459.28 and its two-hundred day moving average is $423.37. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $500.76. The company has a market cap of $3.70 trillion, a PE ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during 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 business's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter last year, the firm posted $2.94 earnings per share. Equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft's dividend payout ratio (DPR) is 25.66%.

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.