Klein Pavlis & Peasley Financial Inc. Invests $323,000 in Microsoft Co. (NASDAQ:MSFT)

Klein Pavlis & Peasley Financial Inc. acquired a new position in Microsoft Co. (NASDAQ:MSFTFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 859 shares of the software giant’s stock, valued at approximately $323,000.

A number of other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. boosted its stake in Microsoft by 1.0% during the third quarter. Vanguard Group Inc. now owns 634,238,715 shares of the software giant’s stock valued at $147,714,197,000 after buying an additional 6,129,708 shares during the last quarter. State Street Corp boosted its stake in Microsoft by 0.7% during the third quarter. State Street Corp now owns 295,509,547 shares of the software giant’s stock valued at $68,824,173,000 after buying an additional 1,951,554 shares during the last quarter. FMR LLC boosted its stake in Microsoft by 2.7% during the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after buying an additional 5,762,902 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Microsoft by 0.3% during the second quarter. Price T Rowe Associates Inc. MD now owns 195,859,819 shares of the software giant’s stock valued at $50,302,677,000 after buying an additional 556,020 shares during the last quarter. Finally, Moneta Group Investment Advisors LLC boosted its stake in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after buying an additional 150,053,637 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, 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 sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, 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 sale, the insider now owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the firm’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock valued at $30,690,456 in the last quarter. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.9 %

Shares of NASDAQ:MSFT opened at $424.57 on Tuesday. Microsoft Co. has a 12-month low of $275.37 and a 12-month high of $430.82. The business’s fifty day simple moving average is $411.26 and its 200-day simple moving average is $375.46. The company has a market capitalization of $3.15 trillion, a PE ratio of 38.39, a P/E/G 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 results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $61.14 billion. During the same period last year, the business posted $2.32 EPS. The business’s revenue was up 17.6% compared to the same quarter last year. As a group, equities research analysts predict that Microsoft Co. will post 11.63 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on MSFT shares. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a research note on Thursday, January 18th. KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Piper Sandler reaffirmed an “overweight” rating and issued a $455.00 price objective on shares of Microsoft in a research note on Thursday, January 25th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, March 25th. Finally, DA Davidson reaffirmed a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Friday, March 15th. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $425.52.

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About Microsoft

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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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