Premier Path Wealth Partners LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Premier Path Wealth Partners LLC acquired a new stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 50,890 shares of the software giant’s stock, valued at approximately $19,110,000. Microsoft comprises approximately 4.2% of Premier Path Wealth Partners LLC’s holdings, making the stock its 2nd biggest position.

Other hedge funds have also recently made changes to their positions in the company. Monumental Financial Group Inc. acquired a new position in shares of Microsoft during the first quarter valued at about $28,000. Atlantic Private Wealth LLC grew its holdings in shares of Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares during the last quarter. Infrastructure Capital Advisors LLC acquired a new position in shares of Microsoft during the second quarter valued at about $601,000. Hibernia Wealth Partners LLC bought a new position in shares of Microsoft during the third quarter valued at about $69,000. Finally, Iron Horse Wealth Management LLC lifted its position in shares of Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Microsoft stock opened at $421.44 on Wednesday. The firm’s 50 day simple moving average is $411.82 and its 200 day simple moving average is $376.06. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $3.13 trillion, a PE ratio of 38.10, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. Microsoft Co. has a 1-year low of $275.37 and a 1-year 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 EPS for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The firm had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s revenue for the quarter was up 17.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.32 EPS. As a group, analysts expect that Microsoft Co. will post 11.63 earnings per share for the current fiscal 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 27.12%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock valued at $30,690,456 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on MSFT shares. KeyCorp started coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Wells Fargo & Company raised their price target on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Royal Bank of Canada raised their price target on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Argus raised their price target on shares of Microsoft from $390.00 to $430.00 and gave the company a “buy” rating in a research report on Tuesday, December 5th. Finally, BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective on the stock in a research report on Thursday, January 18th. Four research analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $425.52.

Read Our Latest Research Report on Microsoft

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.

See Also

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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