Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by Sky Investment Group LLC

Sky Investment Group LLC raised its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 88,316 shares of the software giant's stock after acquiring an additional 749 shares during the quarter. Microsoft makes up 6.1% of Sky Investment Group LLC's portfolio, making the stock its biggest position. Sky Investment Group LLC's holdings in Microsoft were worth $33,153,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after acquiring an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC raised its position in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. lifted its stake in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its holdings in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after purchasing an additional 1,043 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Price Performance

Shares of Microsoft stock traded up $6.08 during trading on Thursday, hitting $511.70. The stock had a trading volume of 17,467,441 shares, compared to its average volume of 21,612,725. The business has a fifty day moving average of $474.88 and a two-hundred day moving average of $427.28. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $513.35. The firm has a market cap of $3.80 trillion, a P/E ratio of 39.54, a PEG ratio of 2.30 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm 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 dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity

In related news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider directly owned 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last ninety days. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of a number of research reports. Piper Sandler increased their target price on shares of Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a report on Thursday, July 10th. Oppenheimer upgraded shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a research note on Wednesday, July 9th. Citigroup raised their target price on shares of Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th. UBS Group reaffirmed a "positive" rating on shares of Microsoft in a report on Monday, June 30th. Finally, Jefferies Financial Group raised their price target on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $538.04.

Microsoft 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.