Mayfair Advisory Group LLC increased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 10.7% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 4,281 shares of the software giant’s stock after buying an additional 415 shares during the quarter. Microsoft comprises 1.3% of Mayfair Advisory Group LLC’s holdings, making the stock its 15th largest position. Mayfair Advisory Group LLC’s holdings in Microsoft were worth $1,801,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Friedenthal Financial purchased a new stake in Microsoft in the fourth quarter valued at $45,000. Richardson Capital Management LLC raised its position in Microsoft by 1,290.0% in the first quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock valued at $59,000 after purchasing an additional 129 shares during the period. Neo Ivy Capital Management purchased a new stake in Microsoft in the fourth quarter valued at $58,000. PayPay Securities Corp raised its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the period. Finally, Cooksen Wealth LLC purchased a new stake in Microsoft in the fourth quarter valued at $86,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Wall Street Analysts Forecast Growth
MSFT has been the topic of a number of research analyst reports. Wedbush restated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research report on Wednesday, May 22nd. Truist Financial restated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research report on Monday, June 17th. KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Evercore ISI lifted their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, BMO Capital Markets lifted their price objective on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $469.86.
Read Our Latest Report on MSFT
Microsoft Stock Up 1.5 %
Microsoft stock opened at $466.25 on Thursday. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $468.35. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The company has a market capitalization of $3.47 trillion, a P/E ratio of 40.37, a PEG ratio of 2.20 and a beta of 0.89. The stock has a 50-day simple moving average of $433.86 and a 200-day simple moving average of $414.95.
Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the business earned $2.45 EPS. Equities research analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.
Microsoft Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is presently 25.97%.
Insider Buying and Selling at Microsoft
In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock valued at $10,877,535 in the last ninety days. Insiders own 0.03% of the company’s stock.
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.
Further Reading
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