Redhawk Wealth Advisors Inc. Increases Position in Microsoft Corporation (NASDAQ:MSFT)

Redhawk Wealth Advisors Inc. boosted its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.8% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 16,060 shares of the software giant's stock after acquiring an additional 585 shares during the period. Microsoft accounts for 0.8% of Redhawk Wealth Advisors Inc.'s portfolio, making the stock its 28th largest holding. Redhawk Wealth Advisors Inc.'s holdings in Microsoft were worth $6,029,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter worth about $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at about $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at about $44,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Stock Performance

MSFT stock opened at $503.32 on Friday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $506.78. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The stock's 50 day simple moving average is $470.64 and its 200 day simple moving average is $425.76. The firm has a market cap of $3.74 trillion, a P/E ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04.

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, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the prior year, the business posted $2.94 earnings per share. The company's revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Analysts Set New Price Targets

MSFT has been the topic of several research analyst reports. Morgan Stanley reissued an "overweight" rating and set a $530.00 target price (up previously from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Bank of America lowered their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research note on Tuesday, April 15th. Jefferies Financial Group raised their target price on shares of Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a report on Thursday, May 1st. DA Davidson raised their price objective on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of "Moderate Buy" and an average price target of $534.14.

Insider Activity

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the sale, the executive vice president directly owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider directly owned 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company's stock.

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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