Microsoft Co. (NASDAQ:MSFT) Stake Boosted by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,189 shares of the software giant’s stock after acquiring an additional 366 shares during the period. Microsoft accounts for approximately 2.2% of Total Clarity Wealth Management Inc.’s investment portfolio, making the stock its 3rd biggest position. Total Clarity Wealth Management Inc.’s holdings in Microsoft were worth $4,362,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Monumental Financial Group Inc. acquired a new position in Microsoft in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at approximately $26,000. Hanseatic Management Services Inc. lifted its holdings in Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after acquiring an additional 55 shares during the last quarter. Retirement Financial Solutions LLC purchased a new position in Microsoft in the fourth quarter worth approximately $40,000. Finally, PayPay Securities Corp purchased a new stake in Microsoft in the fourth quarter valued at $54,000. Institutional investors and hedge funds own 69.15% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction dated Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, CMO Christopher C. Capossela sold 5,081 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $312.54, for a total transaction of $1,588,015.74. Following the completion of the sale, the chief marketing officer now owns 94,328 shares in the company, valued at $29,481,273.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the stock in a transaction on Monday, May 1st. The stock was sold at an average price of $306.09, for a total value of $9,182,700.00. Following the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at $35,952,107.04. The disclosure for this sale can be found here. Over the last three months, insiders have sold 49,848 shares of company stock worth $15,050,877. 0.03% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several research analyst reports. 888 reaffirmed a “maintains” rating on shares of Microsoft in a research note on Wednesday, April 26th. Piper Sandler lifted their target price on shares of Microsoft from $290.00 to $348.00 in a report on Wednesday, April 26th. Cowen decreased their price target on Microsoft from $285.00 to $280.00 and set an “outperform” rating on the stock in a research note on Thursday, January 19th. Macquarie raised Microsoft from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $260.00 to $325.00 in a research note on Wednesday, April 26th. Finally, StockNews.com started coverage on Microsoft in a research note on Thursday. They set a “buy” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-two have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

Microsoft Stock Performance

Shares of MSFT stock opened at $314.00 on Thursday. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $314.43. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91. The firm has a market cap of $2.33 trillion, a price-to-earnings ratio of 34.02, a PEG ratio of 2.74 and a beta of 0.93. The stock’s 50-day moving average is $288.14 and its two-hundred day moving average is $260.15.

Microsoft (NASDAQ:MSFT – Get Rating) last released its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 EPS for the quarter, topping the consensus estimate of $2.22 by $0.23. The company had revenue of $52.86 billion for the quarter, compared to analyst estimates of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.22 earnings per share. Analysts predict that Microsoft Co. will post 9.66 earnings per share for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Shareholders of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s payout ratio is currently 29.47%.

Microsoft Company Profile

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.