Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Concentrum Wealth Management

Concentrum Wealth Management grew its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,273 shares of the software giant's stock after purchasing an additional 616 shares during the period. Microsoft makes up approximately 2.4% of Concentrum Wealth Management's investment portfolio, making the stock its 9th largest holding. Concentrum Wealth Management's holdings in Microsoft were worth $6,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC grew its stake in Microsoft by 2.2% in 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 in the last quarter. Mcdaniel Terry & Co. raised its stake in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after buying an additional 294 shares during the last quarter. Strategic Financial Services Inc. grew its stake in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% during the fourth 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 during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president now directly owns 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last quarter. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded down $3.91 during trading hours on Friday, hitting $474.96. 16,804,288 shares of the stock were exchanged, compared to its average volume of 21,539,207. The company's fifty day simple moving average is $428.05 and its two-hundred day simple moving average is $418.55. The company has a market cap of $3.53 trillion, a PE ratio of 38.24, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. 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 1-year low of $344.79 and a 1-year high of $480.42.

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, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. On average, sell-side analysts predict that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed 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. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Scotiabank lifted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Bank of America lowered their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research report on Tuesday, April 15th. Stifel Nicolaus raised their price objective on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Raymond James increased their price target on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average target price of $515.68.

About Microsoft

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.