SOA Wealth Advisors LLC. Has $47.60 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

SOA Wealth Advisors LLC. lifted its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 203.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 126,800 shares of the software giant's stock after buying an additional 85,048 shares during the period. Microsoft makes up approximately 5.6% of SOA Wealth Advisors LLC.'s investment portfolio, making the stock its 4th biggest position. SOA Wealth Advisors LLC.'s holdings in Microsoft were worth $47,599,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at approximately $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter valued at approximately $38,000. LSV Asset Management acquired a new position in shares of Microsoft during the fourth quarter worth $44,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter worth $62,000. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president directly owned 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 at the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last three months. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on MSFT shares. Barclays increased their price objective on Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. TD Securities raised their price target on shares of Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Mizuho increased their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. The Goldman Sachs Group raised their price target on shares of Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $524.71.

Microsoft Stock Performance

NASDAQ MSFT opened at $497.72 on Tuesday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $500.76. 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 company has a market capitalization of $3.70 trillion, a P/E ratio of 38.46, a P/E/G ratio of 2.26 and a beta of 1.04. The company has a fifty day moving average of $463.54 and a 200-day moving average of $423.91.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data 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 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm posted $2.94 EPS. The firm's revenue was up 13.3% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal 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 paid a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend 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.

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