ZRC Wealth Management LLC cut its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 21.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,122 shares of the software giant’s stock after selling 1,969 shares during the period. Microsoft accounts for about 1.5% of ZRC Wealth Management LLC’s investment portfolio, making the stock its 15th biggest holding. ZRC Wealth Management LLC’s holdings in Microsoft were worth $2,997,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Financial Security Advisor Inc. boosted its position in Microsoft by 1.7% during the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares during the last quarter. Rappaport Reiches Capital Management LLC boosted its position in Microsoft by 14.9% during the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the last quarter. Bayesian Capital Management LP boosted its position in Microsoft by 60.1% during the fourth quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after purchasing an additional 18,200 shares during the last quarter. RNC Capital Management LLC boosted its position in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares during the last quarter. Finally, Clarity Financial LLC boosted its position in Microsoft by 4.9% during the fourth quarter. Clarity Financial LLC now owns 56,905 shares of the software giant’s stock valued at $21,399,000 after purchasing an additional 2,681 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several research analysts recently commented on MSFT shares. Wedbush reissued an “outperform” rating and set a $500.00 price target on shares of Microsoft in a research report on Wednesday, May 22nd. Sanford C. Bernstein raised their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Oppenheimer raised their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, June 7th. New Street Research assumed coverage on Microsoft in a research report on Monday, June 10th. They issued a “buy” rating and a $570.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $465.00 price objective on shares of Microsoft in a research report on Friday, July 12th. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $474.72.
Check Out Our Latest Research Report on MSFT
Insider Buying and Selling
In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction 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 sale, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction 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 sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of Microsoft 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 transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Insiders have sold 25,566 shares of company stock worth $10,877,535 in the last 90 days. Insiders own 0.03% of the company’s stock.
Microsoft Trading Down 1.3 %
Shares of MSFT opened at $443.52 on Thursday. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $468.35. The business’s fifty day moving average is $438.21 and its 200-day moving average is $417.61. 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 firm has a market cap of $3.30 trillion, a price-to-earnings ratio of 38.40, a PEG ratio of 2.14 and a beta of 0.89.
Microsoft (NASDAQ:MSFT – Get Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter last year, the company posted $2.45 EPS. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be given a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.68%. Microsoft’s dividend payout ratio is currently 25.97%.
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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