Swisher Financial Concepts Inc. lowered its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 17.2% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,132 shares of the software giant's stock after selling 1,695 shares during the quarter. Microsoft comprises 4.0% of Swisher Financial Concepts Inc.'s portfolio, making the stock its 10th largest position. Swisher Financial Concepts Inc.'s holdings in Microsoft were worth $3,428,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. Adamsbrown Wealth Consultants LLC grew its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC grew its holdings in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after buying an additional 294 shares in the last quarter. Strategic Financial Services Inc. grew its holdings in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after buying an additional 1,043 shares in the last quarter. 71.13% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on MSFT. Bank of America decreased their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Tuesday, April 15th. DA Davidson upped their target price on Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Jefferies Financial Group upped their target price on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their target price on Microsoft from $515.00 to $565.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, The Goldman Sachs Group upped their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $515.68.
Read Our Latest Research Report on MSFT
Insiders Place Their Bets
In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the 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 transaction, the insider now directly 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 filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were 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 now directly owns 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 have sold 135,743 shares of company stock valued at $60,224,683 over the last three months. 0.03% of the stock is currently owned by insiders.
Microsoft Stock Down 0.8%
Shares of NASDAQ:MSFT traded down $3.91 during midday trading on Friday, hitting $474.96. 16,804,288 shares of the stock were exchanged, compared to its average volume of 21,507,320. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $480.42. The business's fifty day simple moving average is $428.05 and its two-hundred day simple moving average is $418.65. The company has a market capitalization of $3.53 trillion, a PE ratio of 38.24, a P/E/G ratio of 2.21 and a beta of 1.03.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. 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 earnings per share. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. As a group, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.
Microsoft Company Profile
(
Free Report)
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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