Envestnet Asset Management Inc. Has $4.35 Billion Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Envestnet Asset Management Inc. raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 10,318,112 shares of the software giant's stock after purchasing an additional 233,515 shares during the period. Microsoft accounts for about 1.4% of Envestnet Asset Management Inc.'s portfolio, making the stock its 8th largest position. Envestnet Asset Management Inc. owned 0.14% of Microsoft worth $4,349,084,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Fiduciary Advisors Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the period. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the period. Fairway Wealth LLC acquired a new stake in shares of Microsoft during the fourth quarter valued at about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $120,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling

In other news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction 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 completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction 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 transaction, the executive vice president now owns 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% decrease in their position. 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 ninety days. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 1.3%

Shares of NASDAQ:MSFT traded up $6.25 during midday trading on Thursday, reaching $478.87. The company's stock had a trading volume of 18,905,074 shares, compared to its average volume of 21,503,895. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.37. The firm has a market capitalization of $3.56 trillion, a price-to-earnings ratio of 38.56, a PEG ratio of 2.21 and a beta of 1.03. The firm has a 50 day moving average price of $423.22 and a two-hundred day moving average price of $417.84. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The firm's revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 earnings per share. As a group, analysts forecast that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on MSFT shares. Raymond James boosted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank upped their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a report on Thursday, May 1st. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Tigress Financial increased their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research report on Thursday, March 20th. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of "Moderate Buy" and an average price target of $513.89.

Microsoft 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.