Accurate Wealth Management LLC Has $7.40 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Accurate Wealth Management LLC reduced its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 7.7% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 19,246 shares of the software giant’s stock after selling 1,613 shares during the quarter. Microsoft comprises approximately 2.3% of Accurate Wealth Management LLC’s holdings, making the stock its 5th largest holding. Accurate Wealth Management LLC’s holdings in Microsoft were worth $7,402,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Monumental Financial Group Inc. bought a new stake in Microsoft in the first quarter worth $28,000. Atlantic Private Wealth LLC lifted its position in Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock worth $63,000 after buying an additional 155 shares during the last quarter. Hibernia Wealth Partners LLC bought a new stake in Microsoft in the third quarter worth $69,000. Iron Horse Wealth Management LLC increased its stake in Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the period. Finally, MayTech Global Investments LLC purchased a new stake in Microsoft in the fourth quarter worth $83,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $421.44 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The company has a market cap of $3.13 trillion, a PE ratio of 38.10, a P/E/G ratio of 2.24 and a beta of 0.89. The business has a 50-day simple moving average of $411.82 and a two-hundred day simple moving average of $376.06. Microsoft Co. has a fifty-two week low of $275.37 and a fifty-two week high of $430.82.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.76 by $0.17. The business had revenue of $62.02 billion during the quarter, compared to the consensus estimate of $61.14 billion. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company’s quarterly revenue was up 17.6% on a year-over-year basis. During the same quarter last year, the company earned $2.32 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bradford L. Smith sold 3,303 shares of Microsoft stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction dated 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 sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSFT. Wells Fargo & Company increased their target price on Microsoft from $435.00 to $460.00 and gave the stock an “overweight” rating in a research note on Wednesday, January 31st. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Wedbush increased their target price on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Tuesday, March 26th. Mizuho increased their target price on Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Finally, BMO Capital Markets increased their target price on Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $425.52.

View Our Latest Stock Report on Microsoft

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.

Further Reading

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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