Moss Adams Wealth Advisors LLC Purchases 1,612 Shares of Microsoft Corporation (NASDAQ:MSFT)

Moss Adams Wealth Advisors LLC raised its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,074 shares of the software giant's stock after buying an additional 1,612 shares during the period. Microsoft comprises approximately 1.8% of Moss Adams Wealth Advisors LLC's investment portfolio, making the stock its 11th biggest position. Moss Adams Wealth Advisors LLC's holdings in Microsoft were worth $16,920,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at about $38,000. LSV Asset Management acquired a new stake in Microsoft during the fourth quarter valued at $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% during the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in Microsoft during the 4th quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on MSFT. Barclays upped their target price on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. JPMorgan Chase & Co. increased their target price on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Cantor Fitzgerald upped their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Finally, Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $534.14.

Microsoft Trading Down 0.4%

MSFT traded down $2.03 on Thursday, reaching $501.48. 16,466,043 shares of the company's stock were exchanged, compared to its average volume of 21,679,969. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $506.78. The company's 50 day moving average is $467.76 and its 200-day moving average is $424.96. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The company has a market cap of $3.73 trillion, a price-to-earnings ratio of 38.75, a PEG ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter last year, the company earned $2.94 earnings per share. The business's quarterly revenue was up 13.3% compared to the same quarter last year. Equities analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm'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 transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The shares were 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 in the company, valued at approximately $20,339,590. This trade represents 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 three months. Insiders own 0.03% of the company's stock.

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.