Potentia Wealth Acquires Shares of 16,746 Microsoft Co. (NASDAQ:MSFT)

Potentia Wealth acquired a new stake in Microsoft Co. (NASDAQ:MSFT - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 16,746 shares of the software giant's stock, valued at approximately $7,059,000. Microsoft comprises approximately 3.1% of Potentia Wealth's investment portfolio, making the stock its 7th largest position.

Several other institutional investors have also modified their holdings of MSFT. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at $38,000. IFS Advisors LLC raised its position in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the period. Fairway Wealth LLC purchased a new position in shares of Microsoft in the 4th quarter valued at $62,000. Finally, Kieckhefer Group LLC acquired a new stake in Microsoft during the 4th quarter worth about $141,000. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Performance

NASDAQ:MSFT traded up $0.98 during mid-day trading on Tuesday, reaching $462.95. The stock had a trading volume of 7,888,285 shares, compared to its average volume of 21,432,333. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market capitalization of $3.44 trillion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.21 and a beta of 0.99. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The business has a 50 day simple moving average of $410.44 and a 200 day simple moving average of $415.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period last year, the firm earned $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. On average, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have commented on the company. Royal Bank of Canada reaffirmed an "outperform" rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Piper Sandler reaffirmed an "overweight" rating on shares of Microsoft in a report on Wednesday, May 21st. BMO Capital Markets reaffirmed an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price target on Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $513.13.

Insiders Place Their Bets

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company's stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 132,743 shares of company stock valued at $58,835,683. 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.