Riverchase Wealth Management LLC Makes New Investment in Microsoft Co. (NASDAQ:MSFT)

Riverchase Wealth Management LLC bought a new position in shares of Microsoft Co. (NASDAQ:MSFT) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 1,785 shares of the software giant’s stock, valued at approximately $753,000.

Other large investors have also modified their holdings of the company. Fiduciary Advisors Inc. purchased a new position in Microsoft in the 4th quarter valued at approximately $38,000. IFS Advisors LLC boosted its holdings in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock valued at $42,000 after acquiring an additional 35 shares during the last quarter. Avondale Wealth Management boosted its holdings in Microsoft by 144.4% in the fourth quarter. Avondale Wealth Management now owns 110 shares of the software giant’s stock valued at $46,000 after acquiring an additional 65 shares during the last quarter. Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $62,000. Finally, Sellwood Investment Partners LLC acquired a new position in shares of Microsoft during the fourth quarter worth about $120,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on MSFT. UBS Group cut their price target on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Cantor Fitzgerald boosted their price objective on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Jefferies Financial Group boosted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Tigress Financial upped their target price on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $513.13.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of Microsoft stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 132,743 shares of company stock valued at $58,835,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.2%

Shares of NASDAQ:MSFT opened at $462.97 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The stock’s 50-day moving average is $411.89 and its 200-day moving average is $415.62. Microsoft Co. has a 52-week low of $344.79 and a 52-week high of $468.35. The company has a market cap 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.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations 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 quarter last year, the company earned $2.94 earnings per share. Equities research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed 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. This represents a $3.32 annualized dividend and a dividend yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s payout ratio is 25.66%.

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.