Microsoft Co. (NASDAQ:MSFT) Stock Position Increased by Axxcess Wealth Management LLC

Axxcess Wealth Management LLC lifted its holdings in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 3.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 200,331 shares of the software giant's stock after buying an additional 7,332 shares during the quarter. Microsoft comprises 2.0% of Axxcess Wealth Management LLC's investment portfolio, making the stock its 4th biggest position. Axxcess Wealth Management LLC's holdings in Microsoft were worth $84,439,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. lifted its stake in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC lifted its stake in Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Swedbank AB lifted its stake in Microsoft by 0.4% in the 3rd quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock worth $5,890,530,000 after purchasing an additional 49,288 shares in the last quarter. Finally, United Bank lifted its stake in Microsoft by 4.1% in the 3rd quarter. United Bank now owns 18,378 shares of the software giant's stock worth $7,908,000 after purchasing an additional 730 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 131,743 shares of company stock valued at $58,375,673. Company insiders own 0.03% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on MSFT shares. Citigroup increased their price target on shares of Microsoft from $480.00 to $540.00 and gave the stock a "buy" rating in a report on Thursday, May 15th. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company increased their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. DA Davidson increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Finally, 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. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has an average rating of "Moderate Buy" and a consensus price target of $513.13.

Microsoft Trading Down 1.0%

Shares of MSFT opened at $450.18 on Friday. The stock has a market capitalization of $3.35 trillion, a P/E ratio of 36.25, a PEG ratio of 2.21 and a beta of 0.99. 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 firm has a fifty day simple moving average of $402.37 and a two-hundred day simple moving average of $413.90. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.94 EPS. On average, research analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. Microsoft's dividend payout ratio is 25.66%.

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.

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