Microsoft Co. (NASDAQ:MSFT) Stake Increased by ProVise Management Group LLC

ProVise Management Group LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 90,306 shares of the software giant’s stock after buying an additional 5,379 shares during the quarter. Microsoft accounts for 2.5% of ProVise Management Group LLC’s investment portfolio, making the stock its 2nd biggest position. ProVise Management Group LLC’s holdings in Microsoft were worth $26,035,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Spinnaker Investment Group LLC grew its holdings in shares of Microsoft by 2.6% during the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock valued at $3,445,000 after purchasing an additional 305 shares during the last quarter. Kalos Management Inc. bought a new stake in Microsoft in the 1st quarter worth $159,000. Quilter Plc grew its holdings in Microsoft by 1.4% in the 4th quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock worth $202,480,000 after acquiring an additional 11,563 shares during the last quarter. Premier Fund Managers Ltd grew its holdings in Microsoft by 117.2% in the 1st quarter. Premier Fund Managers Ltd now owns 85,364 shares of the software giant’s stock worth $24,250,000 after acquiring an additional 46,056 shares during the last quarter. Finally, SeaTown Holdings Pte. Ltd. grew its holdings in Microsoft by 3.1% in the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 200,299 shares of the software giant’s stock worth $48,036,000 after acquiring an additional 6,000 shares during the last quarter. Hedge funds and other institutional investors own 69.20% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $328.66 on Friday. The company has a 50 day moving average price of $332.77 and a 200-day moving average price of $307.81. Microsoft Co. has a 52 week low of $213.43 and a 52 week high of $366.78. The firm has a market capitalization of $2.44 trillion, a PE ratio of 33.92, a P/E/G ratio of 2.38 and a beta of 0.90. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $55.49 billion. During the same period in the previous year, the business posted $2.23 earnings per share. The business’s revenue for the quarter was up 8.3% on a year-over-year basis. As a group, equities research analysts expect that Microsoft Co. will post 10.9 earnings per share for the current year.

Microsoft Announces Dividend

The business 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. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.83%. Microsoft’s dividend payout ratio is presently 28.07%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on MSFT. Bank of America raised their price target on shares of Microsoft from $340.00 to $405.00 and gave the stock a “buy” rating in a report on Wednesday, July 19th. Evercore ISI raised their price target on shares of Microsoft from $337.00 to $400.00 in a report on Friday, June 2nd. DA Davidson raised their price target on shares of Microsoft from $350.00 to $415.00 in a report on Friday, July 21st. Citigroup dropped their target price on shares of Microsoft from $425.00 to $420.00 in a research report on Wednesday, July 26th. Finally, StockNews.com began coverage on shares of Microsoft in a research report on Thursday, August 17th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.

Read Our Latest Analysis on MSFT

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the completion of the sale, the insider now directly owns 588,084 shares in the company, valued at $198,301,924.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.03% of the stock is currently owned by company insiders.

About Microsoft

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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