Wellspring Financial Advisors LLC Has $418.74 Million Holdings in Microsoft Co. (NASDAQ:MSFT)

Wellspring Financial Advisors LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 561.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 993,452 shares of the software giant’s stock after buying an additional 843,163 shares during the period. Microsoft comprises 7.2% of Wellspring Financial Advisors LLC’s holdings, making the stock its 3rd largest position. Wellspring Financial Advisors LLC’s holdings in Microsoft were worth $418,740,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in MSFT. Muirfield Wealth Advisors LLC boosted its holdings in Microsoft by 0.5% in the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the period. Retirement Financial Solutions LLC grew its position in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares in the last quarter. Boulder Wealth Advisors LLC grew its position in Microsoft by 1.0% in the third quarter. Boulder Wealth Advisors LLC now owns 2,569 shares of the software giant’s stock worth $1,106,000 after acquiring an additional 25 shares in the last quarter. Sterling Group Wealth Management LLC grew its position in Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after acquiring an additional 25 shares in the last quarter. Finally, Kuhn & Co Investment Counsel lifted its stake in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on MSFT. Westpark Capital reissued a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial increased their target price on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. UBS Group dropped their target price on Microsoft from $510.00 to $480.00 and set a “buy” rating on the stock in a research report on Monday, April 14th. TD Securities increased their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Guggenheim reiterated a “neutral” rating on shares of Microsoft 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 has a consensus rating of “Moderate Buy” and an average price target of $513.89.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now owns 43,930 shares of the company’s stock, valued at approximately $20,339,590. This represents a 6.39% 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 Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president now directly owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% 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 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

Shares of Microsoft stock opened at $478.87 on Friday. 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 Co. has a twelve month low of $344.79 and a twelve month high of $480.42. The business has a 50-day moving average price of $425.64 and a 200 day moving average price of $418.26. The firm has a market cap of $3.56 trillion, a PE ratio of 38.56, a P/E/G ratio of 2.21 and a beta of 1.03.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. 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.