Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Legacy Wealth Management LLC MS

Legacy Wealth Management LLC MS lifted its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 20.2% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 52,875 shares of the software giant's stock after purchasing an additional 8,900 shares during the period. Microsoft makes up 6.5% of Legacy Wealth Management LLC MS's holdings, making the stock its 3rd biggest holding. Legacy Wealth Management LLC MS's holdings in Microsoft were worth $19,849,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Ball & Co Wealth Management Inc. purchased a new position in Microsoft in the fourth quarter valued at $31,000. Fiduciary Advisors Inc. purchased a new position in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC increased its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after buying an additional 35 shares during the last quarter. LSV Asset Management purchased a new position in Microsoft in the fourth quarter valued at $44,000. Finally, Fairway Wealth LLC purchased a new position in Microsoft in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president now owns 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the 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 transaction, the executive vice president now owns 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Wells Fargo & Company reissued an "overweight" rating and issued a $565.00 target price (up previously from $515.00) on shares of Microsoft in a report on Friday, June 13th. Royal Bank Of Canada reaffirmed an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a report on Friday, May 23rd. Piper Sandler reiterated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Barclays lifted their target price on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Finally, Citigroup lifted their target price on Microsoft from $540.00 to $605.00 and gave the stock a "buy" rating in a research report on Wednesday, June 11th. Four analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $515.68.

Microsoft Stock Performance

NASDAQ MSFT opened at $486.00 on Tuesday. The business's 50-day moving average price is $439.81 and its 200 day moving average price is $420.58. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $487.75. The company has a market capitalization of $3.61 trillion, a PE ratio of 37.56, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03. 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 released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. On average, research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.68%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

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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