Microsoft Corporation (NASDAQ:MSFT) is Bartlett & CO. Wealth Management LLC's 2nd Largest Position

Bartlett & CO. Wealth Management LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 991,138 shares of the software giant's stock after buying an additional 15,670 shares during the quarter. Microsoft makes up 5.5% of Bartlett & CO. Wealth Management LLC's investment portfolio, making the stock its 2nd largest position. Bartlett & CO. Wealth Management LLC's holdings in Microsoft were worth $372,063,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Brady Martz Wealth Solutions LLC grew its stake in Microsoft by 1.4% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after buying an additional 95 shares during the period. Mcdaniel Terry & Co. grew 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 buying an additional 18,052 shares during the period. Strategic Financial Services Inc. grew its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. grew 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 worth $737,000 after buying an additional 1,043 shares during the period. Finally, Intellus Advisors LLC purchased a new stake in Microsoft during the fourth quarter worth approximately $16,075,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Royal Bank Of Canada boosted their price objective on shares of Microsoft from $525.00 to $640.00 and gave the stock an "outperform" rating in a research note on Thursday, July 31st. The Goldman Sachs Group boosted their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Bank of America boosted their target price on shares of Microsoft from $585.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Piper Sandler boosted their target price on shares of Microsoft from $600.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Finally, Jefferies Financial Group boosted their target price on shares of Microsoft from $600.00 to $675.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Insiders Place Their Bets

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 54,743 shares of company stock valued at $24,921,913. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Up 0.2%

Shares of NASDAQ MSFT opened at $522.04 on Friday. The stock has a market cap of $3.88 trillion, a PE ratio of 38.27, a PEG ratio of 2.28 and a beta of 1.06. The business has a fifty day moving average of $496.85 and a two-hundred day moving average of $438.29. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $73.79 billion. During the same period last year, the business earned $2.95 earnings per share. The business's revenue was up 18.1% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Microsoft Company 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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