Microsoft Corporation (NASDAQ:MSFT) Holdings Increased by Canvas Wealth Advisors LLC

Canvas Wealth Advisors LLC increased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 62,013 shares of the software giant's stock after purchasing an additional 4,428 shares during the quarter. Microsoft accounts for 5.8% of Canvas Wealth Advisors LLC's portfolio, making the stock its 2nd largest position. Canvas Wealth Advisors LLC's holdings in Microsoft were worth $22,748,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in MSFT. Brady Martz Wealth Solutions LLC increased its position in shares of Microsoft by 1.4% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after purchasing an additional 95 shares during the last quarter. Mcdaniel Terry & Co. grew its stake in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% in the fourth 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. Elevate Wealth Advisory Inc. raised its stake in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares in the last quarter. Finally, Intellus Advisors LLC bought a new position in Microsoft during the 4th quarter worth approximately $16,075,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock worth $24,921,913 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.2%

Shares of Microsoft stock opened at $522.04 on Friday. The stock has a 50-day simple moving average of $496.85 and a 200-day simple moving average of $438.29. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The firm has a market cap of $3.88 trillion, a price-to-earnings ratio of 38.27, a P/E/G ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same quarter last year, the company posted $2.95 earnings per share. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. On average, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft's payout ratio is currently 24.34%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on MSFT shares. KeyCorp upgraded Microsoft from a "sector weight" rating to an "overweight" rating and set a $630.00 price target for the company in a report on Thursday, July 31st. Benchmark reiterated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Stifel Nicolaus raised their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Evercore ISI boosted their price objective on shares of Microsoft from $515.00 to $545.00 and gave the company an "outperform" rating in a research report on Friday, July 25th. Finally, Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $609.86.

About Microsoft

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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