Kolinsky Wealth Management LLC Increases Position in Microsoft Corporation (NASDAQ:MSFT)

Kolinsky Wealth Management LLC grew its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,909 shares of the software giant's stock after purchasing an additional 551 shares during the period. Microsoft makes up 5.4% of Kolinsky Wealth Management LLC's investment portfolio, making the stock its 2nd largest holding. Kolinsky Wealth Management LLC's holdings in Microsoft were worth $8,813,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC boosted its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares in the last quarter. LSV Asset Management bought a new stake in Microsoft during the fourth quarter worth about $44,000. Avondale Wealth Management boosted its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in Microsoft during the fourth quarter worth about $62,000. Institutional investors own 71.13% of the company's stock.

Analysts Set New Price Targets

Several research firms recently commented on MSFT. Wall Street Zen lowered shares of Microsoft from a "buy" rating to a "hold" rating in a research note on Saturday. DA Davidson boosted their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Jefferies Financial Group boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Five research 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 has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Stock Performance

MSFT opened at $478.04 on Wednesday. The firm has a market cap of $3.55 trillion, a P/E ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $480.69. The company has a 50 day simple moving average of $432.29 and a two-hundred day simple moving average of $419.32. 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 issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. Equities analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. Microsoft's dividend payout ratio is 25.66%.

Insider Buying and Selling

In related news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 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 now directly owns 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. Over the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

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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