Microsoft Co. (NASDAQ:MSFT) Shares Bought by RPg Family Wealth Advisory LLC

RPg Family Wealth Advisory LLC boosted its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 4.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,171 shares of the software giant's stock after buying an additional 942 shares during the quarter. Microsoft makes up about 3.2% of RPg Family Wealth Advisory LLC's holdings, making the stock its 9th biggest position. RPg Family Wealth Advisory LLC's holdings in Microsoft were worth $8,923,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter worth $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management grew its position in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after purchasing an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft during the 3rd quarter worth about $62,000. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter valued at about $62,000. Institutional investors own 71.13% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on MSFT. Royal Bank of Canada increased their target price on shares of Microsoft from $500.00 to $525.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Cantor Fitzgerald upped their price target on Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, JPMorgan Chase & Co. upped their target price on Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $512.63.

Insider Activity

In related news, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president now owns 98,010 shares of the company's stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of 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 ninety days, insiders sold 110,243 shares of company stock worth $48,619,618. 0.03% of the stock is owned by corporate insiders.

Microsoft Price Performance

Shares of NASDAQ MSFT traded down $5.60 during mid-day trading on Wednesday, hitting $452.57. 19,196,249 shares of the stock were exchanged, compared to its average volume of 21,550,364. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $468.35. The stock's fifty day simple moving average is $398.43 and its two-hundred day simple moving average is $413.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The company has a market cap of $3.36 trillion, a P/E ratio of 36.44, a PEG ratio of 2.21 and a beta of 0.99.

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

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. The ex-dividend date of this dividend is Thursday, May 15th. 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.