Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by BCS Wealth Management

BCS Wealth Management increased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 16.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,035 shares of the software giant's stock after acquiring an additional 969 shares during the period. BCS Wealth Management's holdings in Microsoft were worth $2,641,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of MSFT. SOA Wealth Advisors LLC. grew its stake in shares of Microsoft by 203.7% in the first quarter. SOA Wealth Advisors LLC. now owns 126,800 shares of the software giant's stock worth $47,599,000 after acquiring an additional 85,048 shares in the last quarter. One Plus One Wealth Management LLC boosted its holdings in Microsoft by 3.4% in the first quarter. One Plus One Wealth Management LLC now owns 3,313 shares of the software giant's stock valued at $1,244,000 after purchasing an additional 110 shares during the period. Professional Advisory Services Inc. grew its stake in Microsoft by 7.0% during the 1st 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 in the last quarter. Greenspring Advisors LLC increased its holdings in Microsoft by 12.3% during the 1st quarter. Greenspring Advisors LLC now owns 6,697 shares of the software giant's stock worth $2,514,000 after purchasing an additional 733 shares during the period. Finally, Kennebec Savings Bank raised its position in Microsoft by 4.3% in the 1st quarter. Kennebec Savings Bank now owns 13,381 shares of the software giant's stock valued at $5,023,000 after purchasing an additional 546 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on MSFT shares. Citigroup upped their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Scotiabank increased their price objective 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. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a research report on Wednesday, May 21st. Raymond James Financial boosted their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider owned 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed 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 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 completion of the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.2%

NASDAQ MSFT opened at $496.62 on Wednesday. The firm has a market capitalization of $3.69 trillion, a price-to-earnings ratio of 38.38, a PEG ratio of 2.25 and a beta of 1.04. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $500.76. The company has a fifty day moving average of $465.60 and a two-hundred day moving average of $424.41. The company has a quick ratio of 1.36, a current ratio of 1.37 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 for the quarter, beating 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 firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the previous year, the firm posted $2.94 earnings per share. The company's revenue was up 13.3% on a year-over-year basis. On average, analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend 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.

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