Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC boosted its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.2% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 14,984 shares of the software giant’s stock after purchasing an additional 869 shares during the period. Microsoft comprises 3.9% of Paragon Private Wealth Management LLC’s holdings, making the stock its 2nd largest position. Paragon Private Wealth Management LLC’s holdings in Microsoft were worth $5,635,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Friedenthal Financial acquired a new stake in Microsoft in the 4th quarter valued at about $45,000. PayPay Securities Corp raised its holdings in Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after acquiring an additional 36 shares during the period. Kathleen S. Wright Associates Inc. raised its holdings in Microsoft by 160.7% in the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares during the period. Authentikos Wealth Advisory LLC bought a new position in Microsoft in the 3rd quarter valued at about $87,000. Finally, Cordant Inc. raised its holdings in Microsoft by 647.8% in the 4th 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 period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 47,521 shares of company stock worth $19,746,476. Company insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $424.52 on Friday. The firm has a market cap of $3.16 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The firm’s fifty day moving average is $416.13 and its 200-day moving average is $402.07. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.45 earnings per share. Sell-side analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on MSFT shares. KeyCorp started coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price target on the stock. Wells Fargo & Company increased their price target on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Macquarie increased their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a report on Friday, May 17th. JPMorgan Chase & Co. raised their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, BMO Capital Markets raised their target price on shares of Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Three equities research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $457.91.

Check Out Our Latest Stock Analysis on MSFT

About Microsoft

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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