Intelligence Driven Advisers LLC Sells 96 Shares of Microsoft Corporation (NASDAQ:MSFT)

Intelligence Driven Advisers LLC decreased its holdings in Microsoft Corporation (NASDAQ:MSFT) by 2.4% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 3,862 shares of the software giant’s stock after selling 96 shares during the quarter. Intelligence Driven Advisers LLC’s holdings in Microsoft were worth $1,450,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Brady Martz Wealth Solutions LLC lifted its position in shares of Microsoft by 1.4% during the 1st quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after buying an additional 95 shares in the last quarter. Mcdaniel Terry & Co. lifted its position in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares in the last quarter. Strategic Financial Services Inc. lifted its position in shares of Microsoft by 7.8% during the 4th 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. Elevate Wealth Advisory Inc. lifted its position in shares of Microsoft by 147.9% during the 4th 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 in the last quarter. Finally, Intellus Advisors LLC bought a new position in shares of Microsoft during the 4th quarter worth approximately $16,075,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Down 1.6%

Shares of NASDAQ:MSFT opened at $520.58 on Thursday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The firm has a fifty day moving average of $500.51 and a 200 day moving average of $439.91. The firm has a market capitalization of $3.87 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. 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 (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same period in the previous year, the business earned $2.95 earnings per share. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given 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 24.34%.

Analysts Set New Price Targets

MSFT has been the subject of several research analyst reports. Evercore ISI raised their price target on shares of Microsoft from $515.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday, July 25th. Citigroup lifted their price target on shares of Microsoft from $605.00 to $613.00 and gave the stock a “buy” rating in a report on Tuesday, July 22nd. UBS Group reaffirmed a “buy” rating and issued a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and issued a $650.00 price target (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $609.86.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction 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 completion of the sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,350 shares of company stock worth $21,493,447. Corporate insiders own 0.03% of the company’s stock.

Microsoft Company 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.