Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Lifted by Retirement Solution LLC

Retirement Solution LLC grew its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,096 shares of the software giant's stock after purchasing an additional 1,040 shares during the period. Microsoft makes up approximately 2.9% of Retirement Solution LLC's holdings, making the stock its 7th largest holding. Retirement Solution LLC's holdings in Microsoft were worth $10,547,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the company. WFA Asset Management Corp increased its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. increased its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC increased its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after purchasing an additional 2,138 shares during the last quarter. Wealth Group Ltd. increased its holdings in Microsoft by 1.2% during the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock worth $1,000,000 after purchasing an additional 28 shares during the last quarter. Finally, Tallon Kerry Patrick purchased a new stake in Microsoft during the 4th quarter worth approximately $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on MSFT. Oppenheimer upgraded Microsoft from a "market perform" rating to an "outperform" rating and set a $600.00 price target for the company in a report on Wednesday, July 9th. Raymond James Financial boosted their price target on Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a report on Thursday, May 1st. Benchmark reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Finally, Barclays boosted their price target on Microsoft from $494.00 to $550.00 and gave the company an "overweight" rating in a report on Monday. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $544.07.

Insider Activity at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Amy Coleman sold 13,243 shares of the company's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of Microsoft stock traded down $2.64 during trading on Tuesday, hitting $507.42. The stock had a trading volume of 6,143,242 shares, compared to its average volume of 21,527,313. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market cap of $3.77 trillion, a P/E ratio of 39.19, a PEG ratio of 2.32 and a beta of 1.04. The business has a fifty day moving average of $477.78 and a two-hundred day moving average of $428.61. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share 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 32.74% and a net margin of 35.79%. The company's revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 earnings per share. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) 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.