Riverchase Wealth Management LLC Invests $753,000 in Microsoft Co. (NASDAQ:MSFT)

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

Several other hedge funds have also modified their holdings of the stock. Fiduciary Advisors Inc. acquired a new stake in Microsoft in the fourth quarter valued at $38,000. IFS Advisors LLC raised its stake in Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management raised its stake in Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC purchased a new stake in Microsoft during the 4th quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in Microsoft during the 4th quarter worth approximately $120,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on MSFT. BMO Capital Markets reiterated an "outperform" rating on shares of Microsoft in a research note on Wednesday, May 21st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price target on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. The Goldman Sachs Group boosted their price target on Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. Finally, Jefferies Financial Group upped their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $513.13.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction 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 now directly owns 43,100 shares of the company's stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction that occurred on 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 sale, the executive vice president now owns 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of MSFT stock traded up $2.70 during trading hours on Friday, hitting $470.38. 15,271,762 shares of the company's stock were exchanged, compared to its average volume of 21,491,836. The stock's 50-day moving average is $417.20 and its 200-day moving average is $416.68. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market cap of $3.50 trillion, a price-to-earnings ratio of 37.87, a price-to-earnings-growth ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 52 week low of $344.79 and a 52 week high of $473.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business earned $2.94 earnings per share. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. As a group, research analysts forecast that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

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.