Nottingham Advisors Inc. lessened its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 30.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,579 shares of the software giant's stock after selling 1,970 shares during the period. Nottingham Advisors Inc.'s holdings in Microsoft were worth $1,930,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC grew its holdings in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. raised its stake in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC lifted its stake 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 acquiring an additional 294 shares during the last quarter. Strategic Financial Services Inc. raised its holdings in Microsoft by 7.8% in the 4th 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 during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the period. Institutional investors own 71.13% of the company's stock.
Insider Buying and Selling at Microsoft
In related news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were 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 directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction 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 position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.
Microsoft Stock Up 1.3%
NASDAQ:MSFT traded up $6.25 during midday trading on Thursday, reaching $478.87. The company had a trading volume of 18,858,704 shares, compared to its average volume of 21,506,985. The stock's fifty day simple moving average is $423.22 and its 200-day simple moving average is $417.84. 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. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $480.37. 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 announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the firm earned $2.94 EPS. The business's revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.
Microsoft Announces Dividend
The company 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 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.
Analyst Ratings Changes
A number of brokerages have commented on MSFT. Morgan Stanley reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, June 4th. Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Thursday, May 22nd. Jefferies Financial Group increased their price target on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Wedbush restated an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $513.89.
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Microsoft Profile
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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.
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