Swisher Financial Concepts Inc. Acquires 2,367 Shares of Microsoft Corporation (NASDAQ:MSFT)

Swisher Financial Concepts Inc. lifted its position in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 29.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,499 shares of the software giant's stock after buying an additional 2,367 shares during the quarter. Microsoft makes up approximately 3.3% of Swisher Financial Concepts Inc.'s portfolio, making the stock its 12th biggest holding. Swisher Financial Concepts Inc.'s holdings in Microsoft were worth $3,941,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft during the fourth quarter worth approximately $38,000. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter worth approximately $44,000. Fairway Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter worth approximately $62,000. Finally, Sellwood Investment Partners LLC purchased a new position in shares of Microsoft during the fourth quarter worth approximately $120,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares of the company's stock, valued at $207,995,413.95. This represents a 13.59% 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 worth $60,224,683 in the last quarter. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.3%

Shares of Microsoft stock opened at $495.94 on Monday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $499.30. The company has a market cap of $3.69 trillion, a P/E ratio of 38.33, a PEG ratio of 2.52 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company's fifty day simple moving average is $449.47 and its two-hundred day simple moving average is $421.74.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. During the same quarter in the previous year, the business posted $2.94 EPS. The company's quarterly revenue was up 13.3% on a year-over-year basis. Research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft's payout ratio is 25.66%.

Analysts Set New Price Targets

Several research analysts have commented on the stock. Needham & Company LLC reissued a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. KeyCorp reissued a "sector weight" rating on shares of Microsoft in a research note on Thursday, April 17th. Piper Sandler reissued an "overweight" rating on shares of Microsoft in a research note on Wednesday, May 21st. Mizuho lifted their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $521.14.

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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