Perfromance Wealth Partners LLC Has $153.61 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Perfromance Wealth Partners LLC reduced its position in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 408,495 shares of the software giant’s stock after selling 2,267 shares during the quarter. Microsoft makes up about 6.8% of Perfromance Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest holding. Perfromance Wealth Partners LLC’s holdings in Microsoft were worth $153,611,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Monumental Financial Group Inc. bought a new position in shares of Microsoft during the first quarter valued at approximately $28,000. Atlantic Private Wealth LLC grew its holdings in shares of Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after purchasing an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC bought a new position in shares of Microsoft during the second quarter valued at approximately $601,000. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft during the third quarter valued at approximately $69,000. Finally, Iron Horse Wealth Management LLC grew its holdings in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently commented on MSFT. UBS Group reaffirmed a “buy” rating and set a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. KeyCorp assumed coverage on Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Wedbush reissued an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. StockNews.com lowered Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a report on Thursday, January 25th. Four equities research analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $432.13.

Microsoft Trading Down 1.3 %

NASDAQ MSFT opened at $399.12 on Friday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $2.97 trillion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The firm’s fifty day simple moving average is $414.86 and its 200-day simple moving average is $384.83.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the prior year, the company earned $2.32 earnings per share. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. As a group, sell-side analysts anticipate that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Insider Buying and Selling at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated 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 $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock worth $30,690,456 over the last ninety days. Company 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.