Pacific Sun Financial Corp Buys 520 Shares of Microsoft Corporation (NASDAQ:MSFT)

Pacific Sun Financial Corp raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,891 shares of the software giant's stock after purchasing an additional 520 shares during the quarter. Microsoft comprises approximately 1.0% of Pacific Sun Financial Corp's portfolio, making the stock its 24th largest holding. Pacific Sun Financial Corp's holdings in Microsoft were worth $1,836,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Adamsbrown Wealth Consultants LLC grew its position in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. grew its holdings in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after acquiring an additional 18,052 shares during the period. 1900 Wealth Management LLC increased its stake in Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. increased its stake in Microsoft by 7.8% in the 4th 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 in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its holdings in 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 purchasing an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of MSFT traded down $1.65 during trading hours on Friday, reaching $510.05. 21,120,811 shares of the company's stock traded hands, compared to its average volume of 21,618,181. The business's fifty day simple moving average is $477.78 and its two-hundred day simple moving average is $428.49. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. 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 issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 EPS. Analysts predict 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. 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 25.66%.

Insider Buying and Selling

In related 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 completion of the sale, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. Insiders own 0.03% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on MSFT. Stifel Nicolaus boosted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a research report on Thursday, May 1st. Royal Bank Of Canada reaffirmed an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Bank of America lifted their price objective on Microsoft from $515.00 to $585.00 and gave the company a "buy" rating in a research note on Friday. Finally, TD Securities increased their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat, Microsoft presently has a consensus rating of "Moderate Buy" and a consensus target price of $541.79.

About Microsoft

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.