Microsoft Corporation (NASDAQ:MSFT) is Glen Eagle Advisors LLC's 5th Largest Position

Glen Eagle Advisors LLC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 57,380 shares of the software giant's stock after selling 655 shares during the period. Microsoft makes up about 4.0% of Glen Eagle Advisors LLC's holdings, making the stock its 5th biggest position. Glen Eagle Advisors LLC's holdings in Microsoft were worth $24,186,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC increased its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares in the last quarter. LSV Asset Management purchased a new position in Microsoft in the 4th quarter worth approximately $44,000. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares during the period. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of analyst reports. Cantor Fitzgerald lifted their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Jefferies Financial Group raised their price target on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. Finally, UBS Group lowered their price objective on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a research note on Monday, April 14th. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now owns 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now owns 476,999 shares of the company's stock, valued at $207,995,413.95. The trade was a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. Insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT stock opened at $478.04 on Wednesday. The business has a 50 day simple moving average of $432.29 and a 200-day simple moving average of $419.32. The company has a market capitalization of $3.55 trillion, a P/E ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $480.69. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

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, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period last year, the firm posted $2.94 EPS. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given 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 dividend payout ratio (DPR) is presently 25.66%.

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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