Perigon Wealth Management LLC Buys 32,854 Shares of Microsoft Co. (NASDAQ:MSFT)

Perigon Wealth Management LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 20.3% during the fourth quarter, Holdings Channel reports. The firm owned 194,714 shares of the software giant’s stock after buying an additional 32,854 shares during the period. Microsoft comprises 2.4% of Perigon Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Perigon Wealth Management LLC’s holdings in Microsoft were worth $73,220,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Iron Horse Wealth Management LLC raised its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after acquiring an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC bought a new position in shares of Microsoft in the third quarter valued at approximately $87,000. Family CFO Inc raised its stake in shares of Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock valued at $113,000 after acquiring an additional 43 shares during the last quarter. Cordant Inc. raised its stake in shares of Microsoft by 647.8% in the fourth quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after acquiring an additional 298 shares during the last quarter. Finally, Life Planning Partners Inc bought a new position in shares of Microsoft in the fourth quarter valued at approximately $146,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction 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 transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s 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 completion of the transaction, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on MSFT. Barclays lifted their target price on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Sanford C. Bernstein boosted their price objective on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Finally, KeyCorp initiated coverage on shares of Microsoft in a research report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and an average price target of $452.61.

Microsoft Stock Up 0.3 %

MSFT stock opened at $410.54 on Thursday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock has a market capitalization of $3.05 trillion, a P/E ratio of 35.54, a P/E/G ratio of 2.15 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $306.26 and a fifty-two week high of $430.82. The business has a 50-day moving average of $413.84 and a 200-day moving average of $392.05.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the prior year, the firm posted $2.45 EPS. The business’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 11.76 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a 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%.

Microsoft Company Profile

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.