Traphagen Investment Advisors LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.1% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,346 shares of the software giant's stock after purchasing an additional 1,537 shares during the period. Microsoft makes up 0.6% of Traphagen Investment Advisors LLC's portfolio, making the stock its 21st biggest holding. Traphagen Investment Advisors LLC's holdings in Microsoft were worth $5,761,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Access Financial Services Inc. increased its holdings in shares of Microsoft by 6.0% in the 1st quarter. Access Financial Services Inc. now owns 10,976 shares of the software giant's stock valued at $4,120,000 after purchasing an additional 624 shares during the period. Trust Co. of Toledo NA OH increased its position in Microsoft by 0.6% in the 1st quarter. Trust Co. of Toledo NA OH now owns 152,144 shares of the software giant's stock worth $57,113,000 after buying an additional 961 shares during the period. Retirement Solution LLC boosted its holdings in Microsoft by 3.8% in the 1st quarter. Retirement Solution LLC now owns 28,096 shares of the software giant's stock valued at $10,547,000 after purchasing an additional 1,040 shares during the period. Fairvoy Private Wealth LLC grew its holdings in shares of Microsoft by 7.4% during the 1st quarter. Fairvoy Private Wealth LLC now owns 19,861 shares of the software giant's stock worth $7,456,000 after purchasing an additional 1,360 shares in the last quarter. Finally, RHS Financial LLC grew its holdings in shares of Microsoft by 55.3% during the 1st quarter. RHS Financial LLC now owns 4,073 shares of the software giant's stock worth $1,529,000 after purchasing an additional 1,450 shares in the last quarter. Institutional investors own 71.13% of the company's stock.
Microsoft Stock Performance
NASDAQ MSFT traded up $0.60 during trading on Wednesday, reaching $505.87. The company's stock had a trading volume of 16,378,636 shares, compared to its average volume of 21,593,527. 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 firm has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.09, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64. The firm has a 50 day moving average price of $481.17 and a 200 day moving average price of $430.27.
Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm's revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the firm posted $2.94 EPS. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft's dividend payout ratio (DPR) is currently 25.66%.
Analyst Ratings Changes
Several equities analysts recently issued reports on the stock. Benchmark reissued a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the company a "buy" rating in a research note on Thursday, May 1st. Royal Bank Of Canada restated an "outperform" rating and issued a $525.00 price objective on shares of Microsoft in a research report on Friday, May 23rd. UBS Group lifted their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Citigroup upped their target price on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $548.36.
Read Our Latest Stock Report on Microsoft
Insider Transactions at Microsoft
In other news, EVP Amy Coleman sold 13,243 shares of Microsoft 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 owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft 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 sale, the insider directly owned 476,999 shares of the company's stock, valued at approximately $207,995,413.95. The trade was a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.
About Microsoft
(
Free Report)
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.
Read More
Before you consider Microsoft, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Microsoft wasn't on the list.
While Microsoft currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
