White Knight Strategic Wealth Advisors LLC Buys 8,196 Shares of Microsoft Corporation (NASDAQ:MSFT)

White Knight Strategic Wealth Advisors LLC increased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 100.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 16,362 shares of the software giant's stock after purchasing an additional 8,196 shares during the quarter. Microsoft makes up 2.9% of White Knight Strategic Wealth Advisors LLC's investment portfolio, making the stock its 8th largest holding. White Knight Strategic Wealth Advisors LLC's holdings in Microsoft were worth $6,897,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WFA Asset Management Corp lifted its position in shares of Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock valued at $5,658,000 after purchasing an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its position in Microsoft by 410.4% in the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after buying an additional 2,138 shares in the last quarter. Collective Family Office LLC increased its holdings in shares of Microsoft by 0.9% during the fourth quarter. Collective Family Office LLC now owns 7,332 shares of the software giant's stock worth $3,090,000 after buying an additional 62 shares in the last quarter. Finally, Fulton Bank N.A. increased its holdings in shares of Microsoft by 0.5% during the fourth quarter. Fulton Bank N.A. now owns 117,366 shares of the software giant's stock worth $49,470,000 after buying an additional 596 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $478.04 on Wednesday. The stock has a 50 day simple moving average of $432.29 and a 200 day simple moving average of $419.32. The stock has a market cap of $3.55 trillion, a P/E ratio of 36.94, a PEG ratio of 2.44 and a beta of 1.03. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $480.69. 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 (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company's quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 EPS. Research analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm 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 of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.69%. Microsoft's payout ratio is presently 25.66%.

Insider Transactions at Microsoft

In related news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares of the company's stock, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research analyst reports. Mizuho increased their target price on Microsoft from $475.00 to $500.00 and gave the stock an "outperform" rating in a report on Thursday, May 1st. Barclays boosted their target price on Microsoft from $430.00 to $494.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Bank of America decreased their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. Scotiabank boosted their price objective on Microsoft from $470.00 to $500.00 and gave the stock a "sector outperform" rating in a report on Thursday, May 1st. Finally, DA Davidson boosted their price target on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Five 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, Microsoft presently has an average rating of "Moderate Buy" and a consensus price target of $515.68.

Microsoft Company 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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