Regent Peak Wealth Advisors LLC Has $10.18 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

Regent Peak Wealth Advisors LLC cut its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 6.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 27,129 shares of the software giant's stock after selling 2,018 shares during the period. Microsoft makes up approximately 2.4% of Regent Peak Wealth Advisors LLC's holdings, making the stock its 11th largest holding. Regent Peak Wealth Advisors LLC's holdings in Microsoft were worth $10,184,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several analysts have commented on MSFT shares. The Goldman Sachs Group lifted their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Bank of America reduced their target price on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Morgan Stanley reiterated an "overweight" rating and issued a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Scotiabank boosted their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Finally, Barclays upped their target price on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of "Moderate Buy" and an average price target of $527.31.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. 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. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT traded up $9.89 during trading on Wednesday, reaching $506.51. The company had a trading volume of 2,224,038 shares, compared to its average volume of 21,608,861. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market cap of $3.76 trillion, a PE ratio of 39.03, a PEG ratio of 2.25 and a beta of 1.04. The business's 50 day moving average price is $465.60 and its 200-day moving average price is $424.41. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $505.67.

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 for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.94 earnings per share. Analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 is Thursday, August 21st. Microsoft's payout ratio is presently 25.66%.

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.