Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by ORG Wealth Partners LLC

ORG Wealth Partners LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 26.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 8,233 shares of the software giant's stock after purchasing an additional 1,724 shares during the quarter. Microsoft accounts for about 1.0% of ORG Wealth Partners LLC's holdings, making the stock its 13th biggest position. ORG Wealth Partners LLC's holdings in Microsoft were worth $3,148,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in the business. WFA Asset Management Corp grew its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. grew its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares during the period. Discipline Wealth Solutions LLC grew its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. grew its holdings in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after acquiring an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new stake in shares of Microsoft in the 4th quarter worth approximately $1,375,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Up 0.6%

Shares of NASDAQ MSFT opened at $513.71 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $518.29. The company has a market cap of $3.82 trillion, a P/E ratio of 39.70, a P/E/G ratio of 2.32 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. The stock has a fifty day moving average price of $483.52 and a 200 day moving average price of $431.47.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the prior year, the firm earned $2.94 EPS. The firm's quarterly revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. Microsoft's payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Barclays upped their price target on Microsoft from $494.00 to $550.00 and gave the stock an "overweight" rating in a report on Monday, July 21st. 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. TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. KeyCorp reaffirmed a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, UBS Group upped their target price on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $551.21.

Insider Buying and Selling

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated 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 of the company's stock, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares of the company's stock, valued at approximately $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. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Company insiders own 0.03% of the company's stock.

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.

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