1,846 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Tepp RIA LLC

Tepp RIA LLC purchased a new position in Microsoft Co. (NASDAQ:MSFT) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,846 shares of the software giant’s stock, valued at approximately $778,000. Microsoft comprises 1.2% of Tepp RIA LLC’s investment portfolio, making the stock its 10th largest position.

Other hedge funds have also recently made changes to their positions in the company. Fiduciary Advisors Inc. bought a new position in Microsoft during the 4th quarter worth about $38,000. IFS Advisors LLC raised its position in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after purchasing an additional 35 shares during the last quarter. Avondale Wealth Management increased its holdings in Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock worth $46,000 after buying an additional 65 shares during the period. Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter worth approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft during the 4th quarter worth approximately $120,000. 71.13% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the sale, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, May 30th. The stock was sold at an average price of $460.01, for a total value of $460,010.00. Following the completion of the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at $21,647,150.58. The trade was a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 132,743 shares of company stock worth $58,835,683 over the last three months. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Up 0.2%

NASDAQ MSFT opened at $462.97 on Wednesday. The stock has a market capitalization of $3.44 trillion, a P/E ratio of 37.28, a P/E/G ratio of 2.21 and a beta of 0.99. The firm has a 50-day moving average price of $411.89 and a 200 day moving average price of $415.62. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a quick ratio of 1.34, a current ratio of 1.35 and a debt-to-equity ratio of 0.13.

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

Microsoft Announces Dividend

The business 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 annualized dividend and a dividend yield of 0.72%. Microsoft’s dividend payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on MSFT. Mizuho lifted their price target on shares of Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. Scotiabank lifted their price target on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Barclays boosted their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Tigress Financial boosted their price target on shares of Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research note on Thursday, March 20th. Finally, KeyCorp reissued a “sector weight” rating on shares of Microsoft in a research report on Thursday, April 17th. Four research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $513.13.

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.