Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Life Planning Partners Inc

Life Planning Partners Inc lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 9.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 591 shares of the software giant’s stock after purchasing an additional 51 shares during the quarter. Life Planning Partners Inc’s holdings in Microsoft were worth $222,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its holdings in shares of Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the period. Discipline Wealth Solutions LLC lifted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock valued at $1,144,000 after buying an additional 2,138 shares during the period. Wealth Group Ltd. lifted its holdings in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after buying an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new position in shares of Microsoft in the 4th quarter valued at about $1,375,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 0.3%

Microsoft stock opened at $510.05 on Friday. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $514.64. The stock’s fifty day simple moving average is $477.78 and its 200-day simple moving average is $428.49. 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 firm has a market capitalization of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.33 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The business 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 company earned $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on MSFT shares. Cantor Fitzgerald reissued an “overweight” rating and issued a $581.00 price objective (up previously from $512.00) on shares of Microsoft in a report on Wednesday. The Goldman Sachs Group lifted their price target on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Royal Bank Of Canada reiterated an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Oppenheimer upgraded Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Wednesday, July 9th. Finally, Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $541.79.

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.