Planned Solutions Inc. Acquires 37 Shares of Microsoft Co. (NASDAQ:MSFT)

Planned Solutions Inc. raised its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.9% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 3,943 shares of the software giant’s stock after buying an additional 37 shares during the period. Microsoft comprises approximately 0.8% of Planned Solutions Inc.’s holdings, making the stock its 19th largest holding. Planned Solutions Inc.’s holdings in Microsoft were worth $1,659,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Friedenthal Financial bought a new position in shares of Microsoft in the 4th quarter worth $45,000. Neo Ivy Capital Management bought a new position in shares of Microsoft in the 4th quarter worth $58,000. Richardson Capital Management LLC boosted its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after purchasing an additional 129 shares during the last quarter. PayPay Securities Corp boosted its position in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after purchasing an additional 36 shares during the last quarter. Finally, Horizon Financial Services LLC bought a new position in shares of Microsoft in the 1st quarter worth $80,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 1.5 %

Shares of NASDAQ:MSFT opened at $466.25 on Thursday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. The stock has a market cap of $3.47 trillion, a PE ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. The business has a 50 day moving average of $433.86 and a 200-day moving average of $414.95. 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:MSFTGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same period in the previous year, the business earned $2.45 earnings per share. The company’s revenue was up 17.0% on a year-over-year basis. As a group, equities research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.64%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Buying and Selling at Microsoft

In other news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CMO Takeshi Numoto sold 322 shares of the company’s stock in a transaction 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 transaction, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several research analyst reports. KeyCorp initiated coverage on Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. JPMorgan Chase & Co. raised their price objective on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Evercore ISI raised their price objective on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Sanford C. Bernstein raised their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Finally, Tigress Financial raised their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, June 13th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $469.86.

View Our Latest Stock Report 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

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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