RoundAngle Advisors LLC Has $2.42 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

RoundAngle Advisors LLC grew its position in Microsoft Corporation (NASDAQ:MSFT) by 1.5% during the 1st quarter, Holdings Channel reports. The firm owned 6,445 shares of the software giant’s stock after purchasing an additional 98 shares during the quarter. Microsoft makes up about 2.2% of RoundAngle Advisors LLC’s investment portfolio, making the stock its 13th biggest position. RoundAngle Advisors LLC’s holdings in Microsoft were worth $2,419,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Hapanowicz & Associates Financial Services Inc raised its holdings in shares of Microsoft by 60.3% in the first quarter. Hapanowicz & Associates Financial Services Inc now owns 1,258 shares of the software giant’s stock valued at $472,000 after buying an additional 473 shares during the last quarter. Smith Group Asset Management LLC raised its holdings in shares of Microsoft by 3.7% in the first quarter. Smith Group Asset Management LLC now owns 146,131 shares of the software giant’s stock valued at $54,856,000 after buying an additional 5,169 shares during the last quarter. Elevate Capital Advisors LLC raised its holdings in shares of Microsoft by 20.9% in the first quarter. Elevate Capital Advisors LLC now owns 12,288 shares of the software giant’s stock valued at $4,613,000 after buying an additional 2,123 shares during the last quarter. RKL Wealth Management LLC raised its holdings in shares of Microsoft by 1.1% in the first quarter. RKL Wealth Management LLC now owns 60,597 shares of the software giant’s stock valued at $22,748,000 after buying an additional 671 shares during the last quarter. Finally, Rovin Capital UT ADV raised its holdings in shares of Microsoft by 14.1% in the first quarter. Rovin Capital UT ADV now owns 7,560 shares of the software giant’s stock valued at $2,838,000 after buying an additional 932 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred 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 owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 46,350 shares of company stock worth $21,493,447. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. Jefferies Financial Group lifted their price target on Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a report on Thursday, July 31st. KeyCorp raised Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price target for the company in a report on Thursday, July 31st. TD Cowen lifted their price objective on Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a research report on Thursday, July 31st. Sanford C. Bernstein lifted their price objective on Microsoft from $540.00 to $637.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group lifted their price objective on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $609.86.

Microsoft Trading Down 0.4%

NASDAQ MSFT opened at $520.17 on Friday. The stock has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.29 and a beta of 1.06. The stock’s 50 day moving average price is $502.60 and its two-hundred day moving average price is $441.02. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion for the quarter, compared to analysts’ expectations of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.95 EPS. As a group, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 0.6%. Microsoft’s payout ratio is presently 24.34%.

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.