Microsoft Co. (NASDAQ:MSFT) Shares Bought by Elevate Wealth Advisory Inc.

Elevate Wealth Advisory Inc. raised its holdings in Microsoft Co. (NASDAQ:MSFT - Free Report) by 147.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,748 shares of the software giant's stock after acquiring an additional 1,043 shares during the period. Elevate Wealth Advisory Inc.'s holdings in Microsoft were worth $737,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC boosted its position in shares of Microsoft by 53.8% during the 4th 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 boosted its position in shares of Microsoft by 144.4% during the 4th 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 purchased a new position in shares of Microsoft during the 4th quarter worth approximately $62,000. Finally, Kieckhefer Group LLC purchased a new position in shares of Microsoft during the 4th quarter worth approximately $141,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on MSFT. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Wells Fargo & Company raised their price target on shares of Microsoft from $500.00 to $515.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Thursday, May 22nd. Finally, BMO Capital Markets reissued an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $513.13.

Microsoft Stock Performance

NASDAQ MSFT traded up $0.09 during trading on Friday, reaching $458.77. The company's stock had a trading volume of 34,758,620 shares, compared to its average volume of 21,504,528. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $3.41 trillion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The business's fifty day moving average price is $409.00 and its 200-day moving average price is $415.11.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. Microsoft's dividend payout ratio is presently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated 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 completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,743 shares of company stock worth $58,375,673. 0.03% of the stock is owned by company insiders.

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.