Centric Wealth Management grew its stake in Microsoft Co. (NASDAQ:MSFT - Free Report) by 5.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,090 shares of the software giant's stock after acquiring an additional 934 shares during the quarter. Microsoft comprises approximately 1.9% of Centric Wealth Management's portfolio, making the stock its 10th biggest holding. Centric Wealth Management's holdings in Microsoft were worth $7,204,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. WFA Asset Management Corp increased its stake in Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its stake in Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC increased its stake in Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the last quarter. United Bank increased its stake in Microsoft by 4.1% during the third quarter. United Bank now owns 18,378 shares of the software giant's stock worth $7,908,000 after acquiring an additional 730 shares during the last quarter. Finally, Portolan Capital Management LLC increased its stake in Microsoft by 4.5% during the third quarter. Portolan Capital Management LLC now owns 5,538 shares of the software giant's stock worth $2,383,000 after acquiring an additional 238 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Microsoft Trading Up 0.6%
NASDAQ:MSFT opened at $470.38 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13. The business's 50 day moving average is $417.20 and its two-hundred day moving average is $416.67. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34. The company has a market cap of $3.50 trillion, a PE ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 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 for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. On average, analysts predict that Microsoft Co. will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.
Analyst Ratings Changes
Several equities research analysts have commented on MSFT shares. Westpark Capital restated a "hold" rating on shares of Microsoft in a research note on Thursday, May 1st. Royal Bank of Canada restated an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $513.59.
Get Our Latest Analysis on Microsoft
Insiders Place Their Bets
In other news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was 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 in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president now owns 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last quarter. Insiders own 0.03% of the company's stock.
Microsoft Company Profile
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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.
Further Reading
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (NASDAQ:MSFT - Free Report).
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