Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by St. Johns Investment Management Company LLC

St. Johns Investment Management Company LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 15.6% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,395 shares of the software giant's stock after purchasing an additional 2,476 shares during the quarter. Microsoft accounts for approximately 3.4% of St. Johns Investment Management Company LLC's portfolio, making the stock its 6th biggest position. St. Johns Investment Management Company LLC's holdings in Microsoft were worth $6,905,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Brady Martz Wealth Solutions LLC boosted its stake in shares of Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock valued at $2,496,000 after purchasing an additional 95 shares during the period. Mcdaniel Terry & Co. boosted its stake 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 valued at $133,023,000 after purchasing an additional 18,052 shares during the period. Strategic Financial Services Inc. boosted its stake 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 valued at $7,345,000 after purchasing an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. grew its position in shares of Microsoft by 147.9% during 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 in the last quarter. Finally, Intellus Advisors LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $16,075,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 60,743 shares of company stock valued at $27,520,933. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of analyst reports. Citigroup boosted their price objective on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Loop Capital boosted their price objective on Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday, July 24th. Evercore ISI boosted their price objective on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. TD Cowen boosted their price objective on Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday. Finally, TD Securities boosted their price objective on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $524.11 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The stock has a 50 day moving average of $489.94 and a two-hundred day moving average of $434.94. The stock has a market cap of $3.90 trillion, a P/E ratio of 38.42, a P/E/G ratio of 2.35 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.95 earnings per share. On average, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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 issued 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 0.6%. Microsoft's payout ratio is presently 24.34%.

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.

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