Legacy Advisors LLC Has $23.92 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Legacy Advisors LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 63,714 shares of the software giant's stock after acquiring an additional 1,941 shares during the quarter. Microsoft makes up 2.5% of Legacy Advisors LLC's investment portfolio, making the stock its 6th largest position. Legacy Advisors LLC's holdings in Microsoft were worth $23,917,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Newton One Investments LLC lifted its holdings in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. purchased a new stake in Microsoft during the 4th quarter worth about $31,000. LSV Asset Management purchased a new stake in Microsoft during the 4th quarter worth about $44,000. IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft in the 4th quarter valued at about $62,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the topic of several recent analyst reports. Wedbush raised their price target on Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday. Morgan Stanley raised their price target on Microsoft from $530.00 to $582.00 and gave the company an "overweight" rating in a report on Thursday. Needham & Company LLC reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Evercore ISI raised their price target on Microsoft from $515.00 to $545.00 and gave the company an "outperform" rating in a report on Friday, July 25th. Finally, Cantor Fitzgerald raised their price target on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a report on Thursday. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,743 shares of company stock worth $27,520,933 over the last quarter. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT opened at $524.11 on Friday. The stock's 50 day simple moving average is $489.94 and its 200 day simple moving average is $434.94. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.36. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The firm has a market cap of $3.90 trillion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.35 and a beta of 1.06.

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 (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same period last year, the company earned $2.95 EPS. Microsoft's revenue for the quarter was up 18.1% compared to the same quarter last year. As a group, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared 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. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

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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