Burr Financial Services LLC Has $1.48 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Burr Financial Services LLC trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 24.8% in the first quarter, Holdings Channel.com reports. The firm owned 3,946 shares of the software giant’s stock after selling 1,300 shares during the quarter. Microsoft makes up 1.2% of Burr Financial Services LLC’s holdings, making the stock its 12th largest holding. Burr Financial Services LLC’s holdings in Microsoft were worth $1,481,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC lifted its holdings in Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock valued at $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank acquired a new stake in Microsoft during the 4th quarter valued at $44,343,058,000. Northern Trust Corp lifted its holdings in shares of Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after buying an additional 11,600,470 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Microsoft by 9.8% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now owns 47,058 shares of the company’s stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on MSFT shares. Wall Street Zen raised Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. TD Securities boosted their price target on Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Scotiabank boosted their price target on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Wells Fargo & Company lifted their price objective on Microsoft from $565.00 to $585.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Four research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $521.14.

Microsoft Trading Up 1.1%

NASDAQ MSFT opened at $497.45 on Friday. The firm has a market capitalization of $3.70 trillion, a P/E ratio of 38.44, a PEG ratio of 2.50 and a beta of 1.03. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $446.90 and a 200 day simple moving average of $421.75. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $498.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.94 EPS. On average, analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.66%.

About Microsoft

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.