Microsoft Co. (NASDAQ:MSFT) is Keynote Financial Services LLC’s 3rd Largest Position

Keynote Financial Services LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,446 shares of the software giant’s stock after selling 305 shares during the period. Microsoft accounts for 3.4% of Keynote Financial Services LLC’s portfolio, making the stock its 3rd largest holding. Keynote Financial Services LLC’s holdings in Microsoft were worth $4,403,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of MSFT. WFA Asset Management Corp raised its stake in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in shares of Microsoft by 0.3% during the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC boosted its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after acquiring an additional 2,138 shares during the last quarter. Swedbank AB grew its stake in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant’s stock valued at $5,890,530,000 after acquiring an additional 49,288 shares in the last quarter. Finally, Pettinga Financial Advisors LLC increased its holdings in Microsoft by 1.4% in the 3rd quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant’s stock valued at $3,334,000 after acquiring an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research analysts have commented on MSFT shares. DA Davidson increased their price objective on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. Finally, Bank of America lowered their price target on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Five equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $507.77.

Microsoft Trading Up 0.0 %

Shares of NASDAQ:MSFT opened at $433.35 on Thursday. The company has a market capitalization of $3.22 trillion, a PE ratio of 34.89, a P/E/G ratio of 2.21 and a beta of 0.99. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. Microsoft Co. has a 12-month low of $344.79 and a 12-month high of $468.35. The business’s fifty day simple moving average is $387.20 and its 200-day simple moving average is $411.42.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. As a group, equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be given a $0.83 dividend. The ex-dividend date of this dividend is Thursday, May 15th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.77%. Microsoft’s payout ratio is 25.66%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the sale, the insider now owns 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This trade represents a 1.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.03% of the stock is owned by company insiders.

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.