Priebe Wealth Holdings LLC Takes Position in Microsoft Co. (NASDAQ:MSFT)

Priebe Wealth Holdings LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, Holdings Channel reports. The fund purchased 2,188 shares of the software giant’s stock, valued at approximately $823,000. Microsoft accounts for approximately 0.7% of Priebe Wealth Holdings LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC lifted its holdings 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 acquiring an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft during the 3rd quarter valued at approximately $87,000. Cordant Inc. grew its stake in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after buying an additional 298 shares during the last quarter. Family CFO Inc increased its position in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the period. Finally, Life Planning Partners Inc bought a new stake in Microsoft in the fourth quarter valued at $146,000. 71.13% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have recently commented on MSFT shares. Macquarie upped their price target on shares of Microsoft from $430.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Royal Bank of Canada upped their target price on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. KeyCorp initiated coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. Raymond James restated an “outperform” rating and issued a $480.00 target price (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Finally, UBS Group reiterated a “buy” rating and set a $480.00 price target on shares of Microsoft in a research report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $452.61.

Insider Activity at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the sale, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the 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 transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred 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 completion of the sale, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $409.34 on Wednesday. The company’s fifty day moving average is $413.84 and its two-hundred day moving average is $392.05. The company has a market cap of $3.04 trillion, a P/E ratio of 35.44, a price-to-earnings-growth ratio of 2.15 and a beta of 0.89. Microsoft Co. has a 12-month low of $306.09 and a 12-month high of $430.82. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the firm earned $2.45 earnings per share. Microsoft’s quarterly revenue was up 17.0% on a year-over-year basis. Equities analysts expect 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 dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio 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.