Novak & Powell Financial Services Inc. lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,712 shares of the software giant's stock after selling 745 shares during the period. Microsoft accounts for 2.9% of Novak & Powell Financial Services Inc.'s holdings, making the stock its 6th biggest position. Novak & Powell Financial Services Inc.'s holdings in Microsoft were worth $4,937,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also made changes to their positions in MSFT. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. boosted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after acquiring an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Collective Family Office LLC increased its stake in shares of Microsoft by 0.9% in the fourth quarter. Collective Family Office LLC now owns 7,332 shares of the software giant's stock worth $3,090,000 after acquiring an additional 62 shares during the period. Finally, Fulton Bank N.A. raised its holdings in shares of Microsoft by 0.5% during the fourth quarter. Fulton Bank N.A. now owns 117,366 shares of the software giant's stock worth $49,470,000 after purchasing an additional 596 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.
Insider Transactions at Microsoft
In related news, EVP Takeshi Numoto sold 3,000 shares of the business'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 transaction, the executive vice president now directly owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now directly owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.
Microsoft Trading Down 0.2%
Shares of Microsoft stock opened at $478.04 on Wednesday. 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 Corporation has a twelve month low of $344.79 and a twelve month high of $480.69. The firm has a market capitalization of $3.55 trillion, a PE ratio of 36.94, a P/E/G ratio of 2.44 and a beta of 1.03. The firm's 50-day moving average price is $432.29 and its 200 day moving average price is $419.32.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business posted $2.94 earnings per share. On average, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.69%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on MSFT shares. Royal Bank Of Canada restated an "outperform" rating and set a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a report on Thursday, April 17th. Scotiabank upped their target price on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a research note on Thursday, May 1st. UBS Group dropped their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Monday, April 14th. Finally, Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $515.68.
Get Our Latest Research Report on Microsoft
Microsoft Company Profile
(
Free Report)
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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