Microsoft Co. (NASDAQ:MSFT) Stock Holdings Raised by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. raised its stake in Microsoft Co. (NASDAQ:MSFT) by 7.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 552,911 shares of the software giant’s stock after purchasing an additional 37,558 shares during the period. Microsoft accounts for approximately 0.8% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 28th biggest holding. Envestnet Portfolio Solutions Inc.’s holdings in Microsoft were worth $233,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft during the 4th quarter valued at about $38,000. IFS Advisors LLC grew its position in shares of Microsoft by 53.8% during the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after buying an additional 35 shares during the last quarter. Avondale Wealth Management grew its position in shares of Microsoft by 144.4% during the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after buying an additional 65 shares during the last quarter. MidAtlantic Capital Management Inc. bought a new position in Microsoft in the 3rd quarter worth about $62,000. Finally, Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter worth about $62,000. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on MSFT shares. UBS Group decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Monday, April 14th. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research report on Wednesday. Bank of America decreased their target price on shares of Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a research report on Tuesday, April 15th. Finally, Royal Bank of Canada upped their target price on shares of Microsoft from $500.00 to $525.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $513.13.

Microsoft Stock Up 0.5%

MSFT stock opened at $454.86 on Friday. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The firm has a market cap of $3.38 trillion, a PE ratio of 36.62, a P/E/G ratio of 2.21 and a beta of 0.99. The firm has a 50 day simple moving average of $401.04 and a 200 day simple moving average of $413.59. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34.

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

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. 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 0.73%. Microsoft’s dividend payout ratio is currently 25.66%.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president now owns 98,010 shares in the company, valued at $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president now owns 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 131,743 shares of company stock worth $58,375,673 over the last 90 days. 0.03% of the stock is owned by company insiders.

Microsoft 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.