Microsoft Corporation (NASDAQ:MSFT) Stock Position Trimmed by McIlrath & Eck LLC

McIlrath & Eck LLC trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 37.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 78,349 shares of the software giant's stock after selling 46,439 shares during the period. Microsoft comprises about 4.2% of McIlrath & Eck LLC's holdings, making the stock its 8th biggest position. McIlrath & Eck LLC's holdings in Microsoft were worth $33,024,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. raised its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC raised its position in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after purchasing an additional 294 shares during the last quarter. Strategic Financial Services Inc. raised its position in shares of Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. raised its position in shares of Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after purchasing an additional 1,043 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction 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 transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.2%

Shares of Microsoft stock opened at $478.04 on Wednesday. The company has a fifty day moving average price of $432.29 and a 200 day moving average price of $419.32. 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 Corporation has a twelve month low of $344.79 and a twelve month high of $480.69. The stock has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.94, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03.

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 for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same period in the prior year, the company earned $2.94 EPS. The firm's revenue was up 13.3% on a year-over-year basis. Equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a dividend of $0.83 per share. 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 0.69%. Microsoft's dividend payout ratio (DPR) is 25.66%.

Analysts Set New Price Targets

MSFT has been the subject of several research reports. Jefferies Financial Group lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. UBS Group cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a report on Monday, April 14th. Finally, Westpark Capital reiterated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average target price of $515.68.

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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