Thurston Springer Miller Herd & Titak Inc. Acquires 9,357 Shares of Microsoft Corporation (NASDAQ:MSFT)

Thurston Springer Miller Herd & Titak Inc. raised its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 16.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 67,956 shares of the software giant's stock after purchasing an additional 9,357 shares during the period. Microsoft accounts for 4.3% of Thurston Springer Miller Herd & Titak Inc.'s investment portfolio, making the stock its 2nd biggest position. Thurston Springer Miller Herd & Titak Inc.'s holdings in Microsoft were worth $25,514,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Muirfield Wealth Advisors LLC boosted its stake in shares of Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares in the last quarter. Retirement Financial Solutions LLC increased its stake in shares of Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC raised its holdings in Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after purchasing an additional 25 shares during the period. Kuhn & Co Investment Counsel boosted its position in Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group boosted its position in Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.5%

Shares of MSFT stock traded up $7.16 during trading on Thursday, hitting $498.25. 13,984,829 shares of the stock traded hands, compared to its average volume of 21,645,425. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. The firm has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 2.23 and a beta of 1.04. The firm's fifty day moving average price is $457.07 and its 200-day moving average price is $423.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The company 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 company's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 earnings per share. As a group, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced 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 of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. Microsoft's payout ratio is currently 25.66%.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction dated 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 directly owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the business'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 directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 over the last three months. Company insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Raymond James Financial boosted their price objective on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their price objective on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 25th. Citigroup lifted their target price on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Royal Bank Of Canada restated an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Finally, Stifel Nicolaus lifted their price objective on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $524.71.

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.