Microsoft Corporation (NASDAQ:MSFT) is Madrona Financial Services LLC's 3rd Largest Position

Madrona Financial Services LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,534 shares of the software giant's stock after purchasing an additional 7,101 shares during the quarter. Microsoft accounts for about 7.0% of Madrona Financial Services LLC's holdings, making the stock its 3rd largest holding. Madrona Financial Services LLC's holdings in Microsoft were worth $25,352,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brady Martz Wealth Solutions LLC boosted its holdings in shares of Microsoft by 1.4% in the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after purchasing an additional 95 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after buying an additional 18,052 shares during the period. Strategic Financial Services Inc. increased its holdings in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after buying an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. increased its holdings in shares of 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 buying an additional 1,043 shares during the period. Finally, Intellus Advisors LLC purchased a new position in shares of Microsoft in the fourth quarter worth about $16,075,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

MSFT stock traded up $1.20 during mid-day trading on Friday, reaching $522.04. The company's stock had a trading volume of 15,514,819 shares, compared to its average volume of 19,829,278. The company's 50 day moving average is $496.85 and its two-hundred day moving average is $438.23. The stock has a market cap of $3.88 trillion, a PE ratio of 38.27, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

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

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft's dividend payout ratio (DPR) is currently 24.34%.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on 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 owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the sale, the executive vice president owned 43,100 shares of the company's stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock worth $24,921,913 over the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

MSFT has been the topic of several analyst reports. Evercore ISI lifted their price objective on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a report on Friday, July 25th. BMO Capital Markets lifted their price objective on Microsoft from $550.00 to $650.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Wall Street Zen upgraded Microsoft from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Wedbush boosted their price target on Microsoft from $600.00 to $625.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Stifel Nicolaus boosted their price target on Microsoft from $500.00 to $550.00 and gave the company a "buy" rating in a report on Monday, July 28th. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and an average price target of $609.86.

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.