Symphony Financial Services Inc. Sells 1,939 Shares of Microsoft Co. (NASDAQ:MSFT)

Symphony Financial Services Inc. trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 20.3% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,613 shares of the software giant’s stock after selling 1,939 shares during the quarter. Microsoft comprises 2.6% of Symphony Financial Services Inc.’s holdings, making the stock its 12th biggest holding. Symphony Financial Services Inc.’s holdings in Microsoft were worth $3,216,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter worth $38,000. IFS Advisors LLC boosted its holdings in shares of Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. Avondale Wealth Management boosted its holdings in shares of Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after acquiring an additional 65 shares during the period. MidAtlantic Capital Management Inc. bought a new position in shares of Microsoft in the third quarter worth $62,000. Finally, Kieckhefer Group LLC bought a new position in shares of Microsoft in the fourth quarter worth $141,000. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of Microsoft stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of analyst reports. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a report on Thursday, April 17th. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank lifted their price objective on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Cantor Fitzgerald lifted their price objective on Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Finally, BMO Capital Markets lifted their price objective on Microsoft from $470.00 to $485.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Five investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $507.77.

Microsoft Stock Up 0.1%

MSFT opened at $438.73 on Monday. The company has a market cap of $3.26 trillion, a P/E ratio of 35.32, a P/E/G ratio of 2.21 and a beta of 0.99. The business’s 50-day moving average price is $389.19 and its 200-day moving average price is $411.54. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.94 earnings per share. On average, equities analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.76%. Microsoft’s dividend payout ratio is currently 25.66%.

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.