RKL Wealth Management LLC Buys 671 Shares of Microsoft Corporation $MSFT

RKL Wealth Management LLC increased its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 60,597 shares of the software giant's stock after acquiring an additional 671 shares during the period. Microsoft makes up about 2.1% of RKL Wealth Management LLC's investment portfolio, making the stock its 9th biggest position. RKL Wealth Management LLC's holdings in Microsoft were worth $22,748,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the 4th quarter worth $31,000. Newton One Investments LLC lifted its position in Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after buying an additional 30 shares during the period. LSV Asset Management acquired a new stake in Microsoft in the 4th quarter worth about $44,000. Fairway Wealth LLC acquired a new stake in Microsoft in the 4th quarter worth about $62,000. Finally, IFS Advisors LLC grew its holdings in 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 buying an additional 50 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction dated 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 completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 30,350 shares of company stock valued at $14,162,567 in the last quarter. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a report on Saturday, August 2nd. Loop Capital lifted their price target on shares of Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a report on Thursday, July 24th. TD Securities boosted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Evercore ISI increased their target price on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Finally, JPMorgan Chase & Co. boosted their price target on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $612.54.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $2.96 during mid-day trading on Monday, hitting $517.21. The company had a trading volume of 6,850,717 shares, compared to its average volume of 22,188,012. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. The stock has a market cap of $3.84 trillion, a price-to-earnings ratio of 37.88, a PEG ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The firm's 50 day simple moving average is $502.60 and its two-hundred day simple moving average is $441.19.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 24.34%.

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.