True Link Financial Advisors LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 296.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,027 shares of the software giant’s stock after purchasing an additional 2,264 shares during the period. Microsoft makes up 0.1% of True Link Financial Advisors LLC’s holdings, making the stock its 24th biggest position. True Link Financial Advisors LLC’s holdings in Microsoft were worth $1,274,000 as of its most recent SEC filing.
Several other institutional investors have also recently made changes to their positions in MSFT. Lake Street Private Wealth LLC increased its holdings in Microsoft by 2.3% in the first quarter. Lake Street Private Wealth LLC now owns 57,397 shares of the software giant’s stock valued at $24,148,000 after buying an additional 1,289 shares in the last quarter. TCP Asset Management LLC increased its holdings in Microsoft by 18.5% in the first quarter. TCP Asset Management LLC now owns 806 shares of the software giant’s stock valued at $339,000 after buying an additional 126 shares in the last quarter. OMNI 360 Wealth Inc. increased its holdings in Microsoft by 6.8% in the first quarter. OMNI 360 Wealth Inc. now owns 4,718 shares of the software giant’s stock valued at $1,985,000 after buying an additional 300 shares in the last quarter. E&G Advisors LP increased its holdings in Microsoft by 1.9% in the first quarter. E&G Advisors LP now owns 12,657 shares of the software giant’s stock valued at $5,325,000 after buying an additional 242 shares in the last quarter. Finally, BluePath Capital Management LLC increased its holdings in Microsoft by 3.0% in the first quarter. BluePath Capital Management LLC now owns 8,603 shares of the software giant’s stock valued at $3,619,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Performance
Shares of Microsoft stock opened at $453.96 on Tuesday. The business has a 50-day moving average of $436.74 and a 200 day moving average of $416.91. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The stock has a market capitalization of $3.37 trillion, a price-to-earnings ratio of 39.30, a price-to-earnings-growth ratio of 2.14 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period last year, the business posted $2.45 EPS. Microsoft’s revenue for the quarter was up 17.0% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.
Insider Activity at Microsoft
In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock worth $10,877,535 in the last three months. 0.03% of the stock is owned by company insiders.
Analyst Upgrades and Downgrades
MSFT has been the subject of a number of research reports. Raymond James reissued an “outperform” rating and set a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Tigress Financial boosted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Piper Sandler reissued an “overweight” rating and set a $465.00 target price on shares of Microsoft in a research note on Friday. Wells Fargo & Company boosted their target price on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, UBS Group reissued a “buy” rating and set a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $470.86.
Check Out Our Latest Research Report on Microsoft
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.
See Also
Receive News & Ratings for Microsoft Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Microsoft and related companies with MarketBeat.com’s FREE daily email newsletter.