Prime Capital Investment Advisors LLC Has $142.65 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Prime Capital Investment Advisors LLC grew its position in Microsoft Co. (NASDAQ:MSFT) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 338,433 shares of the software giant’s stock after purchasing an additional 6,182 shares during the quarter. Microsoft makes up approximately 2.1% of Prime Capital Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Prime Capital Investment Advisors LLC’s holdings in Microsoft were worth $142,649,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Fiduciary Advisors Inc. bought a new position in Microsoft during the fourth quarter valued at about $38,000. IFS Advisors LLC raised its stake in shares of 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 increased its stake in shares of 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 buying an additional 65 shares in the last quarter. Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter worth approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft in the 4th quarter valued at $120,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider now 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 transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 over the last quarter. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the subject of several recent research reports. DA Davidson upped their target price on shares of Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Piper Sandler reissued an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. BMO Capital Markets reaffirmed an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Citigroup lifted their price objective on shares of Microsoft from $480.00 to $540.00 and gave the company a “buy” rating in a research report on Thursday, May 15th. Finally, 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 report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $513.13.

Microsoft Stock Performance

Microsoft stock opened at $463.87 on Thursday. The business’s 50-day moving average price is $413.59 and its two-hundred day moving average price is $415.95. The stock has a market cap of $3.45 trillion, a PE ratio of 37.35, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a 12-month low of $344.79 and a 12-month 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 released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for 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%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business posted $2.94 earnings per share. As a group, analysts expect that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Shareholders of record on Thursday, May 15th will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft’s dividend payout ratio is presently 25.66%.

About Microsoft

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.