Libra Wealth LLC Purchases 855 Shares of Microsoft Corporation $MSFT

Libra Wealth LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 8.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 10,846 shares of the software giant's stock after acquiring an additional 855 shares during the quarter. Microsoft makes up about 1.5% of Libra Wealth LLC's holdings, making the stock its 16th biggest holding. Libra Wealth LLC's holdings in Microsoft were worth $4,071,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MSFT. Koshinski Asset Management Inc. lifted its position in shares of Microsoft by 1.0% in the first quarter. Koshinski Asset Management Inc. now owns 49,337 shares of the software giant's stock worth $18,521,000 after purchasing an additional 499 shares in the last quarter. J.Safra Asset Management Corp increased its position in Microsoft by 39.9% in the 1st quarter. J.Safra Asset Management Corp now owns 15,122 shares of the software giant's stock worth $5,677,000 after purchasing an additional 4,312 shares during the last quarter. Hillman Co. raised its stake in shares of Microsoft by 42.4% during the 1st quarter. Hillman Co. now owns 80,136 shares of the software giant's stock worth $30,082,000 after purchasing an additional 23,847 shares in the last quarter. Morton Brown Family Wealth LLC lifted its holdings in shares of Microsoft by 6.8% during the 1st quarter. Morton Brown Family Wealth LLC now owns 2,496 shares of the software giant's stock valued at $937,000 after buying an additional 158 shares during the last quarter. Finally, G&S Capital LLC grew its stake in shares of Microsoft by 1.5% in the 1st quarter. G&S Capital LLC now owns 6,278 shares of the software giant's stock valued at $2,357,000 after buying an additional 91 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company's 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 sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares of the company's stock, valued at $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,350 shares of company stock valued at $14,162,567 over the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Trading Down 0.6%

Shares of MSFT stock traded down $2.96 on Monday, reaching $517.21. The company had a trading volume of 6,850,717 shares, compared to its average volume of 22,188,012. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock has a market cap of $3.84 trillion, a PE ratio of 37.88, a PEG ratio of 2.28 and a beta of 1.06. The company has a 50-day moving average of $502.60 and a 200-day moving average of $441.19.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The business had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the prior year, the company earned $2.95 EPS. The firm's quarterly revenue was up 18.1% on a year-over-year basis. On average, 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 paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MSFT shares. Barclays lifted their target price on shares of Microsoft from $550.00 to $625.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Scotiabank boosted their price target on Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a research report on Thursday, July 31st. Cantor Fitzgerald raised their price objective on Microsoft from $581.00 to $639.00 and gave the company an "overweight" rating in a research note on Thursday, July 31st. Finally, KeyCorp raised Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 target price for the company in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $612.54.

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.