Activest Wealth Management Purchases 332 Shares of Microsoft Co. (NASDAQ:MSFT)

Activest Wealth Management lifted its position in Microsoft Co. (NASDAQ:MSFT) by 23.5% during the 4th quarter, Holdings Channel reports. The firm owned 1,744 shares of the software giant’s stock after acquiring an additional 332 shares during the period. Microsoft comprises about 0.4% of Activest Wealth Management’s holdings, making the stock its 25th biggest holding. Activest Wealth Management’s holdings in Microsoft were worth $656,000 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 the company. High Pines Wealth Management LLC boosted its holdings in Microsoft by 1.3% in the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock valued at $712,000 after acquiring an additional 28 shares in the last quarter. Sonen Capital LLC boosted its holdings in Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock valued at $3,199,000 after acquiring an additional 28 shares in the last quarter. Perritt Capital Management Inc. boosted its holdings in Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock valued at $296,000 after acquiring an additional 30 shares in the last quarter. Noble Family Wealth LLC boosted its holdings in Microsoft by 1.3% in the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock valued at $736,000 after acquiring an additional 31 shares in the last quarter. Finally, O Connor Financial Group LLC boosted its holdings in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock valued at $692,000 after acquiring an additional 31 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred 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 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. In the last ninety days, insiders sold 1,070,258 shares of company stock worth $30,690,456. 0.03% of the stock is owned by company insiders.

Microsoft Trading Down 2.0 %

Microsoft stock opened at $413.64 on Tuesday. The business has a 50-day simple moving average of $415.35 and a two-hundred day simple moving average of $383.26. The company has a market cap of $3.07 trillion, a P/E ratio of 37.40, a P/E/G ratio of 2.25 and a beta of 0.89. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data 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. The company 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 firm’s revenue was up 17.6% on a year-over-year basis. During the same period in the previous year, the company posted $2.32 EPS. Analysts predict that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price objective for the company in a research report on Thursday, January 18th. Morgan Stanley raised their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research report on Thursday, April 11th. Raymond James raised their price objective on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. UBS Group reissued a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Finally, DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $430.52.

About Microsoft

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.