Janiczek Wealth Management LLC Has $6.83 Million Stock Position in Microsoft Co. (NASDAQ:MSFT)

Janiczek Wealth Management LLC lifted its holdings in Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 4th quarter, HoldingsChannel reports. The fund owned 18,160 shares of the software giant’s stock after acquiring an additional 497 shares during the quarter. Microsoft accounts for approximately 1.6% of Janiczek Wealth Management LLC’s holdings, making the stock its 12th largest position. Janiczek Wealth Management LLC’s holdings in Microsoft were worth $6,829,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Lodestone Wealth Management LLC raised its position in shares of Microsoft by 0.5% in the 3rd quarter. Lodestone Wealth Management LLC now owns 14,103 shares of the software giant’s stock valued at $4,453,000 after buying an additional 68 shares in the last quarter. Brown Miller Wealth Management LLC raised its position in Microsoft by 1.0% during the third quarter. Brown Miller Wealth Management LLC now owns 36,690 shares of the software giant’s stock valued at $11,584,000 after purchasing an additional 381 shares in the last quarter. Meridian Wealth Management LLC lifted its stake in Microsoft by 110.1% during the third quarter. Meridian Wealth Management LLC now owns 281,052 shares of the software giant’s stock worth $88,770,000 after purchasing an additional 147,260 shares during the last quarter. B.O.S.S. Retirement Advisors LLC boosted its holdings in shares of Microsoft by 5.2% in the 3rd quarter. B.O.S.S. Retirement Advisors LLC now owns 56,524 shares of the software giant’s stock valued at $17,847,000 after purchasing an additional 2,795 shares in the last quarter. Finally, Riverview Trust Co increased its stake in shares of Microsoft by 2.5% in the 3rd quarter. Riverview Trust Co now owns 13,887 shares of the software giant’s stock valued at $4,385,000 after purchasing an additional 342 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total value of $1,950,000.00. Following the sale, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on MSFT. Morgan Stanley raised their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a research note on Thursday, April 11th. Jefferies Financial Group raised their price target on shares of Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. JPMorgan Chase & Co. upped their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Raymond James restated an “outperform” rating and issued a $480.00 target price (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, Wells Fargo & Company upped their price target on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $452.61.

Microsoft Price Performance

MSFT opened at $409.34 on Wednesday. Microsoft Co. has a 1 year low of $306.09 and a 1 year high of $430.82. The company has a market capitalization of $3.04 trillion, a price-to-earnings ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. The firm’s fifty day moving average price is $413.84 and its two-hundred day moving average price is $392.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% on a year-over-year basis. During the same period last year, the business posted $2.45 earnings per share. As a group, analysts anticipate that Microsoft Co. will post 11.76 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. Investors 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 0.73%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

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.