Peachtree Investment Partners LLC Has $34.78 Million Position in Microsoft Co. (NASDAQ:MSFT)

Peachtree Investment Partners LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,515 shares of the software giant’s stock after selling 3,580 shares during the period. Microsoft comprises 13.0% of Peachtree Investment Partners LLC’s portfolio, making the stock its 2nd biggest holding. Peachtree Investment Partners LLC’s holdings in Microsoft were worth $34,780,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Fiduciary Advisors Inc. bought a new position in shares of Microsoft in the fourth quarter valued at approximately $38,000. IFS Advisors LLC increased its holdings 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 purchasing an additional 35 shares in the last quarter. Avondale Wealth Management increased its holdings 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 purchasing an additional 65 shares in the last quarter. Fairway Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $120,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 1,000 shares of the company’s stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares in the company, valued at approximately $21,647,150.58. This represents a 2.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider now owns 471,036 shares in the company, valued at approximately $204,038,664.12. This trade represents a 1.26% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Royal Bank of Canada reissued an “outperform” rating and issued a $525.00 price target on shares of Microsoft in a report on Friday, May 23rd. The Goldman Sachs Group raised their price target on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a report on Wednesday, May 21st. Westpark Capital reissued a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Barclays raised their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald raised their price target on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $513.89.

Microsoft Stock Up 1.3%

Microsoft stock opened at $478.87 on Friday. The firm has a market capitalization of $3.56 trillion, a PE ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03. The company’s 50-day moving average is $425.64 and its 200-day moving average is $418.26. Microsoft Co. has a fifty-two week low of $344.79 and a fifty-two week high of $480.42. 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 quarterly earnings data 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 analyst estimates of $68.54 billion. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. Microsoft’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 EPS. Sell-side analysts anticipate that Microsoft Co. will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. Microsoft’s dividend payout ratio is presently 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.