Patriot Financial Group Insurance Agency LLC Has $14.57 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Patriot Financial Group Insurance Agency LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 7.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 38,815 shares of the software giant's stock after purchasing an additional 2,635 shares during the quarter. Microsoft makes up approximately 2.0% of Patriot Financial Group Insurance Agency LLC's portfolio, making the stock its 4th biggest holding. Patriot Financial Group Insurance Agency LLC's holdings in Microsoft were worth $14,571,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $38,000. LSV Asset Management purchased a new position in Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC grew its stake in Microsoft by 50.0% in 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 in the last quarter. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the 4th quarter valued at approximately $62,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. TD Securities lifted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Cantor Fitzgerald boosted their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Scotiabank boosted their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research report on Thursday, May 1st. Oppenheimer upgraded shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a research report on Wednesday. Finally, Bank of America reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Microsoft Trading Up 0.4%

Microsoft stock traded up $1.84 during mid-day trading on Friday, hitting $503.32. The company's stock had a trading volume of 16,454,184 shares, compared to its average volume of 21,657,917. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04. The business has a 50 day moving average price of $469.28 and a 200-day moving average price of $425.41. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $506.78.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were 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 directly owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president directly 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. In the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

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.