Parisi Gray Wealth Management Increases Holdings in Microsoft Corporation (NASDAQ:MSFT)

Parisi Gray Wealth Management boosted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,872 shares of the software giant's stock after acquiring an additional 1,421 shares during the quarter. Microsoft accounts for 3.2% of Parisi Gray Wealth Management's holdings, making the stock its 9th largest holding. Parisi Gray Wealth Management's holdings in Microsoft were worth $9,712,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the fourth quarter worth $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the fourth quarter worth $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the fourth quarter worth $44,000. IFS Advisors LLC grew its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the fourth quarter worth $62,000. 71.13% of the stock is owned by institutional investors.

Microsoft Trading Up 1.4%

Shares of MSFT stock opened at $503.51 on Thursday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78. 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 50-day simple moving average of $467.76 and a two-hundred day simple moving average of $424.96. The company has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.91, a PEG ratio of 2.25 and a beta of 1.04.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 the consensus estimate of $68.54 billion. During the same period in the prior year, the firm earned $2.94 EPS. The company's revenue was up 13.3% compared to the same quarter last year. Research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal 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 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 is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Ratings Changes

Several analysts recently weighed in on MSFT shares. JPMorgan Chase & Co. boosted their price objective on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a research note on Thursday, May 1st. Oppenheimer raised shares of Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price objective on the stock in a research note on Wednesday. TD Securities boosted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Tigress Financial boosted their price objective on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Finally, Benchmark reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $527.36.

Insider Activity

In other news, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% decrease in their position. The transaction 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 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 transaction, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

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.

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