Traphagen Investment Advisors LLC raised its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 11.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 15,346 shares of the software giant's stock after buying an additional 1,537 shares during the quarter. Microsoft accounts for about 0.6% of Traphagen Investment Advisors LLC's investment portfolio, making the stock its 21st largest position. Traphagen Investment Advisors LLC's holdings in Microsoft were worth $5,761,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Adamsbrown Wealth Consultants LLC raised its position in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant's stock worth $2,515,000 after acquiring an additional 130 shares during the last quarter. Mcdaniel Terry & Co. boosted its position in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC raised its stake in shares of Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. lifted its position in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock valued at $7,345,000 after buying an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. lifted its position in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock valued at $737,000 after buying an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.
Analyst Ratings Changes
A number of equities research analysts have commented on the company. Scotiabank raised their price objective on Microsoft from $470.00 to $500.00 and gave the company a "sector outperform" rating in a research note on Thursday, May 1st. Evercore ISI set a $515.00 target price on Microsoft and gave the stock an "outperform" rating in a research report on Wednesday, May 21st. Barclays boosted their price objective on Microsoft from $494.00 to $550.00 and gave the company an "overweight" rating in a research note on Monday. Cantor Fitzgerald reaffirmed an "overweight" rating and issued a $581.00 target price (up from $512.00) on shares of Microsoft in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. raised their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $543.79.
Read Our Latest Report on MSFT
Microsoft Trading Down 0.1%
Shares of Microsoft stock traded down $0.37 on Monday, hitting $509.68. 10,165,228 shares of the company traded hands, compared to its average volume of 21,587,686. The stock's 50 day moving average price is $477.78 and its 200-day moving average price is $428.61. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $514.64. The company has a market cap of $3.79 trillion, a PE ratio of 39.39, a PEG ratio of 2.32 and a beta of 1.04.
Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly 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. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 EPS. The company's revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts predict that Microsoft Corporation will post 13.08 EPS for the current year.
Microsoft Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft's payout ratio is currently 25.66%.
Insiders Place Their Bets
In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated 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 transaction, the insider directly owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the business's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate 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.
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