Microsoft Co. (NASDAQ:MSFT) Shares Bought by Plancorp LLC

Plancorp LLC raised its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 34,565 shares of the software giant's stock after buying an additional 1,536 shares during the quarter. Microsoft comprises about 0.6% of Plancorp LLC's holdings, making the stock its 21st largest position. Plancorp LLC's holdings in Microsoft were worth $14,569,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Runnymede Capital Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $6,264,000. Mizuho Securities USA LLC raised its stake in shares of Microsoft by 46.2% during the 4th quarter. Mizuho Securities USA LLC now owns 704,658 shares of the software giant's stock valued at $297,013,000 after purchasing an additional 222,665 shares during the period. Fi3 FINANCIAL ADVISORS LLC raised its stake in shares of Microsoft by 5.0% during the 4th quarter. Fi3 FINANCIAL ADVISORS LLC now owns 10,468 shares of the software giant's stock valued at $4,412,000 after purchasing an additional 495 shares during the period. Virtu Financial LLC raised its stake in shares of Microsoft by 363.9% during the 4th quarter. Virtu Financial LLC now owns 88,089 shares of the software giant's stock valued at $37,129,000 after purchasing an additional 69,099 shares during the period. Finally, Garland Capital Management Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at $285,000. 71.13% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently issued reports on MSFT. Morgan Stanley boosted their price objective on Microsoft from $472.00 to $482.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Stifel Nicolaus boosted their price objective on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Bank of America reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Tuesday, April 15th. UBS Group reduced their target price on Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Finally, Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $513.13.

Microsoft Stock Up 0.0%

MSFT traded up $0.09 during trading on Friday, hitting $458.77. 34,758,620 shares of the company's stock traded hands, compared to its average volume of 21,610,309. The stock has a market capitalization of $3.41 trillion, a price-to-earnings ratio of 36.94, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The company's 50 day simple moving average is $409.00 and its two-hundred day simple moving average is $415.17.

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 (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $2.94 earnings per share. Analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In related news, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was 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 of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president now directly owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,743 shares of company stock worth $58,375,673 over the last ninety days. Company 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.