BCS Wealth Management Acquires 969 Shares of Microsoft Corporation (NASDAQ:MSFT)

BCS Wealth Management boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,035 shares of the software giant's stock after buying an additional 969 shares during the quarter. BCS Wealth Management's holdings in Microsoft were worth $2,641,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in MSFT. SOA Wealth Advisors LLC. boosted its position in Microsoft by 203.7% during the first quarter. SOA Wealth Advisors LLC. now owns 126,800 shares of the software giant's stock worth $47,599,000 after purchasing an additional 85,048 shares during the period. One Plus One Wealth Management LLC boosted its position in Microsoft by 3.4% during the first quarter. One Plus One Wealth Management LLC now owns 3,313 shares of the software giant's stock worth $1,244,000 after purchasing an additional 110 shares during the period. Professional Advisory Services Inc. boosted its position in Microsoft by 7.0% during the first quarter. Professional Advisory Services Inc. now owns 94,197 shares of the software giant's stock worth $35,361,000 after purchasing an additional 6,197 shares during the period. Greenspring Advisors LLC boosted its position in shares of Microsoft by 12.3% in the first quarter. Greenspring Advisors LLC now owns 6,697 shares of the software giant's stock valued at $2,514,000 after acquiring an additional 733 shares during the period. Finally, Kennebec Savings Bank boosted its position in shares of Microsoft by 4.3% in the first quarter. Kennebec Savings Bank now owns 13,381 shares of the software giant's stock valued at $5,023,000 after acquiring an additional 546 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on 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 transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% 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 worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. TD Securities raised their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Westpark Capital restated a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 target price on the stock in a research note on Wednesday. Finally, Cantor Fitzgerald raised 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. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $531.82.

Microsoft Trading Down 0.7%

Shares of NASDAQ MSFT traded down $3.69 during mid-day trading on Thursday, hitting $499.82. The stock had a trading volume of 4,981,149 shares, compared to its average volume of 22,689,494. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78. The business has a 50 day moving average price of $467.76 and a two-hundred day moving average price of $424.96. The firm has a market cap of $3.71 trillion, a P/E ratio of 38.62, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04.

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 analysts' consensus estimates 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 net margin of 35.79% and a return on equity of 32.74%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.94 EPS. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is currently 25.66%.

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.