Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by Retirement Guys Formula LLC

Retirement Guys Formula LLC grew its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 20.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,741 shares of the software giant's stock after acquiring an additional 818 shares during the period. Retirement Guys Formula LLC's holdings in Microsoft were worth $1,780,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Newton One Investments LLC grew its stake in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after acquiring an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the 4th quarter worth $31,000. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter worth $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft during the 4th quarter worth $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 1.8%

NASDAQ MSFT opened at $524.11 on Monday. The stock has a market capitalization of $3.90 trillion, a P/E ratio of 38.42, a P/E/G ratio of 2.31 and a beta of 1.06. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The firm has a 50-day moving average price of $489.94 and a 200 day moving average price of $435.01. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. During the same period in the prior year, the company posted $2.95 earnings per share. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 24.34%.

Insider Activity at Microsoft

In other Microsoft news, 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 in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 54,743 shares of company stock valued at $24,921,913. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research firms have recently issued reports on MSFT. Citigroup lifted their price objective on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Evercore ISI lifted their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Piper Sandler lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the stock an "overweight" rating in a research report on Thursday. TD Securities lifted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, BMO Capital Markets lifted their price objective on shares of Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a research report on Thursday. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $609.86.

About Microsoft

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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