Pure Financial Advisors LLC Acquires 7,402 Shares of Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Pure Financial Advisors LLC increased its holdings in Microsoft Corporation by 14.9% during the 1st quarter, acquiring an additional 7,402 shares for a total of 56,916 shares worth $21.36 million.
• Microsoft recently announced a quarterly dividend of $0.83 per share, which will be paid on September 11th, reflecting an annualized dividend yield of 0.6%.
• Following its latest earnings report, Microsoft posted $3.65 EPS, exceeding analysts' expectations, with a revenue of $76.44 billion, marking an 18.1% increase from the previous year.

Pure Financial Advisors LLC increased its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 14.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 56,916 shares of the software giant's stock after purchasing an additional 7,402 shares during the quarter. Pure Financial Advisors LLC's holdings in Microsoft were worth $21,366,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Brady Martz Wealth Solutions LLC grew its holdings in Microsoft by 1.4% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after acquiring an additional 95 shares during the period. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% during 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. Strategic Financial Services Inc. grew its holdings in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. grew its holdings in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares during the period. Finally, Intellus Advisors LLC acquired a new stake in Microsoft during the 4th quarter worth about $16,075,000. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on MSFT. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Royal Bank Of Canada increased their price target on Microsoft from $525.00 to $640.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. Morgan Stanley increased their price objective on shares of Microsoft from $530.00 to $582.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Stifel Nicolaus increased their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Barclays increased their price objective on shares of Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares of the company's stock, valued at $19,481,631. This represents a 23.50% 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 Kathleen T. Hogan sold 21,500 shares of the firm'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 transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock valued at $24,921,913 over the last quarter. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Down 1.5%

Microsoft stock opened at $527.75 on Wednesday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The firm has a 50 day moving average price of $492.99 and a 200-day moving average price of $436.40. The company has a market capitalization of $3.92 trillion, a P/E ratio of 38.69, a P/E/G ratio of 2.34 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the prior year, the firm earned $2.95 EPS. The company's revenue was up 18.1% compared to the same quarter last year. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

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 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 24.34%.

Microsoft Company 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.

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