Edge Wealth Management LLC Buys 759 Shares of Microsoft Corporation (NASDAQ:MSFT)

Edge Wealth Management LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 0.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 82,228 shares of the software giant's stock after acquiring an additional 759 shares during the period. Microsoft makes up approximately 6.3% of Edge Wealth Management LLC's holdings, making the stock its 3rd biggest holding. Edge Wealth Management LLC's holdings in Microsoft were worth $30,868,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after purchasing an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. raised its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC raised its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the period. Wealth Group Ltd. lifted its stake in Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after buying an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick acquired a new position in shares of Microsoft in the fourth quarter valued at approximately $1,375,000. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $7.16 on Friday, reaching $498.25. 13,984,829 shares of the company's stock were exchanged, compared to its average volume of 21,692,275. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76. The company has a fifty day moving average of $459.28 and a 200-day moving average of $423.37. The company has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04. 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 (NASDAQ:MSFT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping 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 return on equity of 32.74% and a net margin of 35.79%. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $2.94 earnings per share. On average, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given 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 0.67%. Microsoft's dividend payout ratio is 25.66%.

Analyst Ratings Changes

A number of equities research analysts recently commented on the stock. TD Securities raised their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. UBS Group reissued a "positive" rating on shares of Microsoft in a research note on Monday. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Finally, Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $524.71.

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.