Wynn Capital LLC Acquires 17,630 Shares of Microsoft Corporation (NASDAQ:MSFT)

Wynn Capital LLC increased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 145.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,788 shares of the software giant's stock after purchasing an additional 17,630 shares during the quarter. Microsoft makes up about 6.6% of Wynn Capital LLC's investment portfolio, making the stock its 2nd biggest holding. Wynn Capital LLC's holdings in Microsoft were worth $11,182,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC raised its position in 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 in the last quarter. Mcdaniel Terry & Co. raised 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 worth $133,023,000 after acquiring an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC raised its position in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant's stock worth $4,274,000 after acquiring an additional 294 shares in the last quarter. Strategic Financial Services Inc. raised its position in Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after acquiring an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its position in Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after acquiring an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred 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 sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Price Performance

Microsoft stock traded up $6.89 during trading hours on Wednesday, reaching $503.51. 18,638,093 shares of the stock were exchanged, compared to its average volume of 21,685,666. The company has a market cap of $3.74 trillion, a P/E ratio of 38.91, a price-to-earnings-growth ratio of 2.25 and a beta of 1.04. 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 twelve month low of $344.79 and a twelve month high of $506.65. The stock has a 50 day moving average of $465.60 and a two-hundred day moving average of $424.41.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for 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 revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.94 earnings per share. Equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid 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 yield of 0.66%. Microsoft's payout ratio is 25.66%.

Analyst Ratings Changes

Several analysts have issued reports on the stock. Morgan Stanley reaffirmed an "overweight" rating and set a $530.00 price target (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Mizuho increased their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. UBS Group reissued a "positive" rating on shares of Microsoft in a research report on Monday, June 30th. Wedbush increased their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday, June 25th. Finally, Raymond James Financial increased their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an "outperform" rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $527.31.

About Microsoft

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.