Microsoft Co. (NASDAQ:MSFT) Shares Purchased by Source Financial Advisors LLC

Source Financial Advisors LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 0.3% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,727 shares of the software giant’s stock after purchasing an additional 32 shares during the quarter. Microsoft accounts for 1.3% of Source Financial Advisors LLC’s portfolio, making the stock its 18th largest position. Source Financial Advisors LLC’s holdings in Microsoft were worth $4,034,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Microsoft by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after purchasing an additional 6,129,708 shares in the last quarter. State Street Corp lifted its holdings in Microsoft by 0.7% during the 3rd quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock worth $68,824,173,000 after buying an additional 1,951,554 shares during the last quarter. FMR LLC lifted its holdings in Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock worth $68,162,263,000 after buying an additional 5,762,902 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in Microsoft by 0.3% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock worth $50,302,677,000 after buying an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC lifted its holdings in Microsoft by 112,158.6% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on MSFT. StockNews.com downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Truist Financial reiterated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday. Wedbush lifted their target price on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Tuesday. DA Davidson restated a “buy” rating and issued a $500.00 target price on shares of Microsoft in a report on Friday, March 15th. Finally, China Renaissance assumed coverage on Microsoft in a report on Tuesday, December 5th. They issued a “buy” rating and a $466.00 target price on the stock. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $423.34.

Microsoft Stock Down 0.1 %

NASDAQ:MSFT opened at $421.43 on Thursday. The stock’s fifty day moving average price is $409.64 and its two-hundred day moving average price is $373.65. Microsoft Co. has a 52-week low of $272.05 and a 52-week high of $430.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.10, a P/E/G ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The firm’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $2.32 EPS. On average, analysts anticipate that Microsoft Co. will post 11.63 EPS for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock valued at $30,690,456 in the last 90 days. 0.03% of the stock is owned by company insiders.

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.