Avity Investment Management Inc. Buys 2,034 Shares of Microsoft Co. (NASDAQ:MSFT)

Avity Investment Management Inc. boosted its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,749 shares of the software giant’s stock after acquiring an additional 2,034 shares during the quarter. Microsoft comprises 4.3% of Avity Investment Management Inc.’s investment portfolio, making the stock its 4th biggest holding. Avity Investment Management Inc.’s holdings in Microsoft were worth $52,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Friedenthal Financial purchased a new position in Microsoft in the 4th quarter valued at $45,000. Neo Ivy Capital Management purchased a new stake in shares of Microsoft in the fourth quarter valued at about $58,000. PayPay Securities Corp increased its stake in shares of Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after acquiring an additional 36 shares during the period. Cooksen Wealth LLC acquired a new stake in Microsoft in the fourth quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted 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 purchasing an additional 143 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Trading Up 1.5 %

Shares of MSFT stock opened at $467.56 on Monday. The firm’s 50-day simple moving average is $429.75 and its 200-day simple moving average is $413.34. 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 Co. has a 1-year low of $309.45 and a 1-year high of $468.35. The firm has a market cap of $3.48 trillion, a P/E ratio of 40.48, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last posted 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 net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter last year, the firm posted $2.45 earnings per share. Microsoft’s revenue was up 17.0% on a year-over-year basis. As a group, equities analysts forecast that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction dated Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the completion of the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. Company insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. DA Davidson reissued a “buy” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, March 15th. UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Evercore ISI upped their price target on shares of Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group boosted their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. Finally, Sanford C. Bernstein lifted their price target on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Get Our Latest Analysis on MSFT

Microsoft Profile

(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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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