Arkfeld Wealth Strategies L.L.C. Has $5.77 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Arkfeld Wealth Strategies L.L.C. boosted its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 4.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 15,364 shares of the software giant’s stock after buying an additional 589 shares during the period. Microsoft comprises about 3.8% of Arkfeld Wealth Strategies L.L.C.’s portfolio, making the stock its 7th biggest holding. Arkfeld Wealth Strategies L.L.C.’s holdings in Microsoft were worth $5,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. High Pines Wealth Management LLC grew its position in shares of Microsoft by 1.3% in the 3rd quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock valued at $712,000 after buying an additional 28 shares during the last quarter. Sonen Capital LLC grew its position in shares of Microsoft by 0.3% in the 3rd quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock valued at $3,199,000 after buying an additional 28 shares during the last quarter. Perritt Capital Management Inc. grew its position in shares of Microsoft by 3.3% in the 3rd quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock valued at $296,000 after buying an additional 30 shares during the last quarter. Noble Family Wealth LLC boosted its position in shares of Microsoft by 1.3% during the 3rd quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock valued at $736,000 after purchasing an additional 31 shares in the last quarter. Finally, O Connor Financial Group LLC boosted its position in shares of Microsoft by 1.4% during the 3rd quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after purchasing an additional 31 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research analyst reports. Royal Bank of Canada upped their target price on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. BMO Capital Markets upped their target price on Microsoft from $420.00 to $455.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Argus increased their price target on Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a report on Tuesday, December 5th. BNP Paribas upgraded Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a report on Thursday, January 18th. Finally, Macquarie increased their price target on Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $423.34.

Check Out Our Latest Report on Microsoft

Insider Transactions at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the completion of the transaction, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 over the last three months. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $420.72 on Friday. The stock has a fifty day simple moving average of $410.82 and a two-hundred day simple moving average of $374.31. Microsoft Co. has a 1-year low of $275.37 and a 1-year high of $430.82. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The business had revenue of $62.02 billion during the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the company earned $2.32 earnings per share. Microsoft’s revenue was up 17.6% compared to the same quarter last year. Analysts anticipate that Microsoft Co. will post 11.63 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is currently 27.12%.

Microsoft Company Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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