Affinity Wealth Management LLC Purchases 208 Shares of Microsoft Corporation (NASDAQ:MSFT)

Affinity Wealth Management LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 33,496 shares of the software giant’s stock after acquiring an additional 208 shares during the quarter. Microsoft accounts for 2.3% of Affinity Wealth Management LLC’s holdings, making the stock its 13th biggest position. Affinity Wealth Management LLC’s holdings in Microsoft were worth $12,574,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Microsoft by 4.4% during the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 6,229 shares of the software giant’s stock worth $2,338,000 after buying an additional 262 shares during the last quarter. Northwest Financial Advisors increased its position in shares of Microsoft by 0.3% in the first quarter. Northwest Financial Advisors now owns 17,270 shares of the software giant’s stock valued at $6,483,000 after acquiring an additional 58 shares during the last quarter. Hudson Capital Management LLC raised its holdings in Microsoft by 11.6% during the first quarter. Hudson Capital Management LLC now owns 798 shares of the software giant’s stock worth $300,000 after acquiring an additional 83 shares in the last quarter. 626 Financial LLC boosted its position in Microsoft by 7.6% during the first quarter. 626 Financial LLC now owns 20,509 shares of the software giant’s stock valued at $7,699,000 after purchasing an additional 1,446 shares during the last quarter. Finally, Atwater Malick LLC boosted its position in Microsoft by 5.6% during the first quarter. Atwater Malick LLC now owns 19,824 shares of the software giant’s stock valued at $7,442,000 after purchasing an additional 1,059 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Amy Coleman sold 13,243 shares of the firm’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 6,000 shares of the business’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 transaction, the insider directly owned 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

NASDAQ:MSFT opened at $498.25 on Friday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $500.76. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm’s 50-day simple moving average is $459.28 and its 200 day simple moving average is $423.37. The firm has a market cap of $3.70 trillion, a price-to-earnings ratio of 38.50, a P/E/G ratio of 2.22 and a beta of 1.04.

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

Microsoft Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on MSFT shares. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a research report on Monday. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Jefferies Financial Group lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Morgan Stanley restated an “overweight” rating and set a $530.00 price objective (up from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Finally, Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $524.71.

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.