Perfromance Wealth Partners LLC Has $153.61 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Perfromance Wealth Partners LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 0.6% in the 4th quarter, Holdings Channel.com reports. The firm owned 408,495 shares of the software giant’s stock after selling 2,267 shares during the quarter. Microsoft makes up about 6.8% of Perfromance Wealth Partners LLC’s investment portfolio, making the stock its 3rd biggest position. Perfromance Wealth Partners LLC’s holdings in Microsoft were worth $153,611,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Sicart Associates LLC lifted its position in shares of Microsoft by 2.9% during the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock valued at $348,000 after purchasing an additional 26 shares in the last quarter. Mayfair Advisory Group LLC lifted its position in shares of Microsoft by 0.7% during the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock valued at $1,434,000 after purchasing an additional 27 shares in the last quarter. High Pines Wealth Management LLC lifted its position in shares of Microsoft by 1.3% during the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock valued at $712,000 after purchasing an additional 28 shares in the last quarter. Sonen Capital LLC lifted its position in shares of Microsoft by 0.3% during the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock valued at $3,199,000 after purchasing an additional 28 shares in the last quarter. Finally, Perritt Capital Management Inc. lifted its position in shares of Microsoft by 3.3% during the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock valued at $296,000 after purchasing an additional 30 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Down 1.3 %

Shares of Microsoft stock opened at $399.12 on Friday. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The company has a 50 day simple moving average of $414.86 and a two-hundred day simple moving average of $384.83. The firm has a market cap of $2.97 trillion, a PE ratio of 36.09, a PEG ratio of 2.20 and a beta of 0.89. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 EPS for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period in the prior year, the firm posted $2.32 EPS. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. Analysts expect that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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

Analysts Set New Price Targets

MSFT has been the topic of a number of recent analyst reports. Truist Financial reissued a “buy” rating and set a $600.00 price target on shares of Microsoft in a research report on Monday, March 25th. BMO Capital Markets raised their price objective on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Royal Bank of Canada raised their price objective on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. Finally, Wells Fargo & Company raised their price objective on shares of Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $432.13.

Insider Activity at Microsoft

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by insiders.

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.