Riverchase Wealth Management LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Riverchase Wealth Management LLC purchased a new stake in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 1,785 shares of the software giant's stock, valued at approximately $753,000.

Several other large investors also recently modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC boosted its position in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock valued at $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. increased its position in shares of Microsoft by 6.1% during the fourth 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. Centric Wealth Management raised its stake in shares of Microsoft by 0.7% during the third quarter. Centric Wealth Management now owns 16,156 shares of the software giant's stock valued at $6,789,000 after acquiring an additional 112 shares in the last quarter. 1900 Wealth Management LLC boosted its holdings in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock valued at $4,274,000 after purchasing an additional 294 shares during the period. Finally, Strategic Financial Services Inc. grew its stake in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Microsoft Trading Up 0.8%

MSFT traded up $3.81 during trading on Thursday, hitting $467.68. 20,083,146 shares of the company's stock were exchanged, compared to its average volume of 21,471,689. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.48 trillion, a P/E ratio of 37.66, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. The stock has a 50 day moving average price of $413.59 and a 200 day moving average price of $415.95. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $469.58.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced 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. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the business posted $2.94 EPS. As a group, analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.71%. Microsoft's dividend payout ratio (DPR) is presently 25.66%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on MSFT. Tigress Financial lifted their target price on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. BMO Capital Markets restated an "outperform" rating on shares of Microsoft in a report on Wednesday, May 21st. Bank of America lowered their price objective 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. DA Davidson raised their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the company an "outperform" rating in a research note on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $513.13.

About Microsoft

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.