Congress Wealth Management LLC DE Has $125.57 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Congress Wealth Management LLC DE cut its stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 6.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 297,898 shares of the software giant's stock after selling 22,216 shares during the quarter. Microsoft accounts for about 1.7% of Congress Wealth Management LLC DE's holdings, making the stock its 4th biggest holding. Congress Wealth Management LLC DE's holdings in Microsoft were worth $125,565,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Muirfield Wealth Advisors LLC increased its holdings in Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock valued at $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its stake in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after buying an additional 24 shares during the period. Boulder Wealth Advisors LLC increased its stake in shares of Microsoft by 1.0% in the 3rd quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant's stock valued at $1,106,000 after buying an additional 25 shares during the period. Sterling Group Wealth Management LLC increased its stake in shares of Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock valued at $2,335,000 after buying an additional 25 shares during the period. Finally, Kuhn & Co Investment Counsel increased its stake in shares of Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after buying an additional 25 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $0.09 during trading on Friday, reaching $458.77. 34,758,620 shares of the stock were exchanged, compared to its average volume of 21,504,528. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The firm has a market cap of $3.41 trillion, a PE ratio of 36.94, a PEG ratio of 2.21 and a beta of 0.99. The stock has a 50-day moving average price of $409.00 and a 200-day moving average price of $415.17. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13.

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. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the company posted $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. Research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction on 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 approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 131,743 shares of company stock valued at $58,375,673. 0.03% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. Jefferies Financial Group lifted their target price on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. The Goldman Sachs Group raised their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Cantor Fitzgerald raised their price target on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $513.13.

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.