Courier Capital LLC Acquires 1,298 Shares of Microsoft Corporation (NASDAQ:MSFT)

Courier Capital LLC grew its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 81,977 shares of the software giant's stock after purchasing an additional 1,298 shares during the period. Microsoft makes up about 2.0% of Courier Capital LLC's portfolio, making the stock its 7th biggest position. Courier Capital LLC's holdings in Microsoft were worth $30,773,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Wesbanco Bank Inc. raised its holdings in shares of Microsoft by 1.8% in the first quarter. Wesbanco Bank Inc. now owns 304,904 shares of the software giant's stock worth $114,458,000 after buying an additional 5,314 shares during the period. Outlook Wealth Advisors LLC raised its holdings in shares of Microsoft by 10.8% in the first quarter. Outlook Wealth Advisors LLC now owns 9,311 shares of the software giant's stock worth $3,495,000 after buying an additional 907 shares during the period. McDonough Capital Management Inc increased its holdings in Microsoft by 1.6% during the 1st quarter. McDonough Capital Management Inc now owns 28,270 shares of the software giant's stock worth $10,612,000 after purchasing an additional 434 shares during the period. First Citizens Bank & Trust Co. increased its holdings in Microsoft by 1.7% during the 1st quarter. First Citizens Bank & Trust Co. now owns 247,070 shares of the software giant's stock worth $92,748,000 after purchasing an additional 4,213 shares during the period. Finally, AHL Investment Management Inc. increased its holdings in Microsoft by 9.6% during the 1st quarter. AHL Investment Management Inc. now owns 19,701 shares of the software giant's stock worth $7,396,000 after purchasing an additional 1,722 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred on 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 sale, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 in the last quarter. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Performance

MSFT traded up $6.89 on Wednesday, reaching $503.51. 18,633,770 shares of the stock were exchanged, compared to its average volume of 21,667,813. The firm has a market capitalization of $3.74 trillion, a PE ratio of 38.91, a PEG ratio of 2.25 and a beta of 1.04. The company's 50-day moving average price is $465.60 and its 200 day moving average price is $424.41. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $506.65.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Corporation will post 13.08 EPS 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 paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Ratings Changes

Several research analysts have commented on MSFT shares. Guggenheim restated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company raised their price objective on Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a report on Wednesday, June 25th. DA Davidson raised their price objective on Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and a consensus price target of $527.31.

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.