SpringVest Wealth Management LLC Acquires New Position in Microsoft Corporation (NASDAQ:MSFT)

SpringVest Wealth Management LLC bought a new position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,523 shares of the software giant's stock, valued at approximately $642,000.

A number of other hedge funds also recently added to or reduced their stakes in MSFT. Mattson Financial Services LLC increased its holdings in Microsoft by 2.4% during the 4th quarter. Mattson Financial Services LLC now owns 20,088 shares of the software giant's stock worth $8,644,000 after purchasing an additional 475 shares during the period. Alpha Wealth Funds LLC purchased a new position in shares of Microsoft in the 4th quarter valued at about $640,000. Copia Wealth Management acquired a new position in shares of Microsoft during the fourth quarter worth about $898,000. Elite Financial Inc. purchased a new stake in shares of Microsoft during the fourth quarter worth approximately $270,000. Finally, Arcadia Wealth Management Inc. acquired a new stake in Microsoft in the fourth quarter valued at approximately $673,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Down 0.6%

Shares of Microsoft stock opened at $477.40 on Monday. 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 $3.55 trillion, a P/E ratio of 36.89, a PEG ratio of 2.42 and a beta of 1.03. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $483.46. The company's fifty day moving average is $437.84 and its two-hundred day moving average is $420.28.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.94 earnings per share. Analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is presently 25.66%.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the firm's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president now directly owns 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last three months. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. Royal Bank Of Canada reiterated an "outperform" rating and issued a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Morgan Stanley reaffirmed an "overweight" rating on shares of Microsoft in a research report on Wednesday, June 4th. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the stock a "buy" rating in a research note on Thursday, March 20th. Stifel Nicolaus raised their price target on Microsoft from $475.00 to $500.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Finally, The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and a consensus price target of $515.68.

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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