Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Kingswood Wealth Advisors LLC

Kingswood Wealth Advisors LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 350.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 325,271 shares of the software giant's stock after buying an additional 253,065 shares during the quarter. Microsoft accounts for 4.7% of Kingswood Wealth Advisors LLC's investment portfolio, making the stock its 4th largest holding. Kingswood Wealth Advisors LLC's holdings in Microsoft were worth $123,928,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. WFA Asset Management Corp boosted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its holdings in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after buying an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC raised its holdings in shares of Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. raised its holdings in shares of Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after buying an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new position in Microsoft in the 4th quarter worth approximately $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Piper Sandler boosted their target price on Microsoft from $475.00 to $600.00 and gave the company an "overweight" rating in a research note on Thursday, July 10th. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Wedbush restated an "outperform" rating and set a $600.00 price target on shares of Microsoft in a research report on Friday. Finally, UBS Group lifted their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research report on Wednesday. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average target price of $551.21.

Insider Transactions at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was 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 owned 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Trading Up 0.6%

Shares of NASDAQ:MSFT traded up $2.83 during trading on Friday, hitting $513.71. The company had a trading volume of 19,103,456 shares, compared to its average volume of 16,594,816. The stock has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $518.29. The company has a fifty day simple moving average of $483.52 and a two-hundred day simple moving average of $431.52. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

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

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued 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 0.65%. Microsoft's payout ratio is 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.