Mascagni Wealth Management Inc. Invests $3.55 Million in Microsoft Corporation (NASDAQ:MSFT)

Mascagni Wealth Management Inc. purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,418 shares of the software giant's stock, valued at approximately $3,548,000. Microsoft comprises approximately 3.0% of Mascagni Wealth Management Inc.'s holdings, making the stock its 5th largest position.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC grew its holdings in Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank bought a new position in Microsoft during the 4th quarter valued at about $44,343,058,000. Northern Trust Corp raised its position in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Microsoft by 9.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Trading Down 0.6%

NASDAQ:MSFT opened at $477.40 on Monday. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.42 and a beta of 1.03. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $483.46. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $437.84 and a 200 day moving average of $420.28.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued 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. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. 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 posted $2.94 EPS. The business's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Raymond James Financial increased their target price on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group upped their price target on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

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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