Microsoft Corporation (NASDAQ:MSFT) is Intellectus Partners LLC’s 6th Largest Position

Intellectus Partners LLC decreased its position in Microsoft Corporation (NASDAQ:MSFT) by 2.8% during the first quarter, Holdings Channel reports. The fund owned 19,561 shares of the software giant’s stock after selling 556 shares during the period. Microsoft comprises approximately 1.8% of Intellectus Partners LLC’s investment portfolio, making the stock its 6th biggest position. Intellectus Partners LLC’s holdings in Microsoft were worth $7,343,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of MSFT. Adamsbrown Wealth Consultants LLC grew its position in shares of Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after acquiring an additional 130 shares during the period. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the period. 1900 Wealth Management LLC grew its holdings in Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares during the period. Strategic Financial Services Inc. increased its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. raised its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after buying an additional 1,043 shares during the period. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Price Performance

MSFT stock 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 firm has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a price-to-earnings-growth ratio of 2.26 and a beta of 1.04. The company has a fifty day simple moving average of $461.41 and a two-hundred day simple moving average of $423.67. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

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, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same period in the prior year, the company earned $2.94 EPS. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a dividend of $0.83 per share. 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 payout ratio is presently 25.66%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Mizuho boosted their price objective on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Bank of America dropped their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Wall Street Zen cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, June 30th. Finally, Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $524.71.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction on Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the transaction, the insider owned 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly 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. Insiders sold 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by insiders.

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.