Retirement Income Solutions Inc Acquires 1,433 Shares of Microsoft Co. (NASDAQ:MSFT)

Retirement Income Solutions Inc grew its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 26.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,849 shares of the software giant’s stock after acquiring an additional 1,433 shares during the quarter. Microsoft comprises 0.6% of Retirement Income Solutions Inc’s investment portfolio, making the stock its 25th largest position. Retirement Income Solutions Inc’s holdings in Microsoft were worth $1,975,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Moneta Group Investment Advisors LLC grew its position in Microsoft by 112,158.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock worth $36,017,948,000 after acquiring an additional 150,053,637 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft in the 4th quarter worth about $20,700,525,000. Aaron Wealth Advisors LLC increased its position in shares of Microsoft by 35,465.9% during the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock valued at $66,852,000 after purchasing an additional 20,553,188 shares during the last quarter. Morgan Stanley raised its holdings in shares of Microsoft by 14.0% during the 4th quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock valued at $28,638,815,000 after buying an additional 14,652,150 shares in the last quarter. Finally, CIBC Private Wealth Group LLC lifted its position in Microsoft by 98.1% in the 4th quarter. CIBC Private Wealth Group LLC now owns 15,218,570 shares of the software giant’s stock worth $3,649,717,000 after buying an additional 7,534,774 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $327.76 on Friday. The company has a market capitalization of $2.44 trillion, a PE ratio of 33.82, a PEG ratio of 2.38 and a beta of 0.90. The business has a fifty day moving average price of $332.89 and a 200-day moving average price of $307.41. Microsoft Co. has a 1-year low of $213.43 and a 1-year high of $366.78. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.55 by $0.14. Microsoft had a net margin of 34.15% and a return on equity of 38.70%. The firm had revenue of $56.19 billion for the quarter, compared to the consensus estimate of $55.49 billion. During the same quarter in the prior year, the firm posted $2.23 earnings per share. The business’s revenue was up 8.3% on a year-over-year basis. As a group, equities analysts expect that Microsoft Co. will post 10.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a $0.68 dividend. This represents a $2.72 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio is currently 28.07%.

Insider Activity

In related news, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several research reports. StockNews.com assumed coverage on shares of Microsoft in a research note on Thursday, August 17th. They set a “buy” rating on the stock. DA Davidson lifted their target price on shares of Microsoft from $350.00 to $415.00 in a research report on Friday, July 21st. JPMorgan Chase & Co. upped their price target on shares of Microsoft from $350.00 to $385.00 in a research report on Wednesday, July 19th. UBS Group upgraded Microsoft from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $345.00 to $400.00 in a report on Friday, July 14th. Finally, Oppenheimer restated an “outperform” rating and set a $410.00 price target on shares of Microsoft in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.

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.