Signal Advisors Wealth LLC Raises Position in Microsoft Corporation (NASDAQ:MSFT)

Signal Advisors Wealth LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 12.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 26,651 shares of the software giant's stock after buying an additional 3,000 shares during the period. Microsoft comprises 1.0% of Signal Advisors Wealth LLC's portfolio, making the stock its 18th largest holding. Signal Advisors Wealth LLC's holdings in Microsoft were worth $10,005,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Edge Wealth Management LLC raised its holdings in Microsoft by 0.9% in the 1st quarter. Edge Wealth Management LLC now owns 82,228 shares of the software giant's stock worth $30,868,000 after acquiring an additional 759 shares during the last quarter. Foster Group Inc. boosted its stake in Microsoft by 11.8% during the 1st quarter. Foster Group Inc. now owns 11,924 shares of the software giant's stock valued at $4,476,000 after purchasing an additional 1,257 shares during the last quarter. AMI Investment Management Inc. increased its holdings in shares of Microsoft by 5.1% in the 1st quarter. AMI Investment Management Inc. now owns 23,329 shares of the software giant's stock worth $8,757,000 after purchasing an additional 1,123 shares in the last quarter. Fjell Capital LLC raised its stake in shares of Microsoft by 9.7% in the first quarter. Fjell Capital LLC now owns 9,186 shares of the software giant's stock worth $3,448,000 after purchasing an additional 812 shares during the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of Microsoft by 39.2% during the first quarter. Vest Financial LLC now owns 157,234 shares of the software giant's stock valued at $59,024,000 after purchasing an additional 44,283 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 75,000 shares of the firm's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the transaction, the insider directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction 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 completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 1.5%

MSFT opened at $498.25 on Friday. The stock has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.50, a price-to-earnings-growth ratio of 2.22 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm's fifty day moving average is $459.28 and its 200 day moving average is $423.37. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The business's revenue was up 13.3% on a year-over-year basis. On average, sell-side analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 paid a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's payout ratio is 25.66%.

Analyst Ratings Changes

Several equities research analysts recently commented on MSFT shares. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Westpark Capital reaffirmed a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. The Goldman Sachs Group boosted their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an "overweight" rating in a research report on Thursday, May 1st. Finally, DA Davidson lifted their target price on shares of Microsoft from $500.00 to $600.00 and gave the stock a "buy" rating in a research report on Wednesday. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $524.71.

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.

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