Microsoft Corporation (NASDAQ:MSFT) is Intellectus Partners LLC's 6th Largest Position

Intellectus Partners LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,561 shares of the software giant's stock after selling 556 shares during the quarter. Microsoft accounts for approximately 1.8% of Intellectus Partners LLC's portfolio, making the stock its 6th largest holding. Intellectus Partners LLC's holdings in Microsoft were worth $7,343,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the fourth quarter worth $38,000. LSV Asset Management purchased a new position in shares of Microsoft in the fourth quarter worth $44,000. Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter valued at $62,000. Finally, IFS Advisors LLC boosted its position in Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity

In related news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider directly owned 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company'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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of recent analyst reports. Citigroup raised their price target on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. The Goldman Sachs Group raised their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating and issued a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Finally, Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $524.71.

Microsoft Trading Up 1.5%

Microsoft stock opened at $498.25 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $500.76. The company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The business's fifty day simple moving average is $461.41 and its two-hundred day simple moving average is $423.67. 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 posted its quarterly earnings results 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 firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 EPS. As a group, equities analysts predict 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. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft's dividend payout ratio is presently 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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