Park Square Financial Group LLC purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,210 shares of the software giant's stock, valued at approximately $3,882,000. Microsoft makes up approximately 2.7% of Park Square Financial Group LLC's holdings, making the stock its 10th largest holding.
Several other institutional investors and hedge funds also recently modified their holdings of MSFT. WFA Asset Management Corp grew its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC increased its holdings in shares of Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. Wealth Group Ltd. lifted its stake in Microsoft by 1.2% during the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after buying an additional 28 shares in the last quarter. Finally, RMR Wealth Builders boosted its position in shares of Microsoft by 3.6% in the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock worth $20,931,000 after buying an additional 1,739 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.
Microsoft Price Performance
Shares of Microsoft stock opened at $477.40 on Friday. The firm has a market cap of $3.55 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.43 and a beta of 1.03. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $483.46. The company's fifty day simple moving average is $437.84 and its two-hundred day simple moving average is $420.40. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.
Microsoft (NASDAQ:MSFT - Get Free Report) last posted its 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 return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 EPS. The business's revenue for the quarter was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Dividend Announcement
The company also recently disclosed 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. This represents a $3.32 annualized dividend and a yield of 0.70%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is 25.66%.
Insider Activity at Microsoft
In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction dated 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 sale, the executive vice president now owns 43,100 shares of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares of the company's stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on MSFT shares. Tigress Financial raised their price target on Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Wall Street Zen raised shares of Microsoft from a "hold" rating to a "buy" rating in a research note on Sunday. Royal Bank Of Canada reiterated an "outperform" rating and issued a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Scotiabank upped their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an "outperform" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.
View Our Latest Analysis on Microsoft
About Microsoft
(
Free Report)
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.
Featured Articles
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
