Sagespring Wealth Partners LLC Purchases 4,278 Shares of Microsoft Corporation (NASDAQ:MSFT)

Sagespring Wealth Partners LLC lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 4.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 95,040 shares of the software giant's stock after purchasing an additional 4,278 shares during the quarter. Microsoft comprises approximately 0.3% of Sagespring Wealth Partners LLC's holdings, making the stock its 28th largest position. Sagespring Wealth Partners LLC's holdings in Microsoft were worth $35,677,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in MSFT. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft during the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the 4th quarter valued at $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter worth $44,000. IFS Advisors LLC raised its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft during the fourth quarter valued at $62,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have recently issued reports on MSFT shares. Citigroup upped their price target on Microsoft from $605.00 to $613.00 and gave the company a "buy" rating in a report on Tuesday. UBS Group upped their price target on Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday. Mizuho upped their price target on Microsoft from $500.00 to $540.00 and gave the company an "outperform" rating in a report on Wednesday, July 16th. Cantor Fitzgerald reaffirmed an "overweight" rating and set a $581.00 price target (up from $512.00) on shares of Microsoft in a report on Wednesday, July 16th. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $550.14.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was 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 of the company's stock, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

MSFT traded up $5.01 during midday trading on Thursday, reaching $510.88. The company had a trading volume of 16,074,043 shares, compared to its average volume of 16,868,408. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business has a 50-day moving average of $482.33 and a two-hundred day moving average of $430.84. The company has a market cap of $3.80 trillion, a P/E ratio of 39.48, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $514.64.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued 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. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business's quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.94 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's payout ratio is 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.