1,846 Shares in Microsoft Corporation (NASDAQ:MSFT) Purchased by Note Advisors LLC

Note Advisors LLC purchased a new position in Microsoft Corporation (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 1,846 shares of the software giant’s stock, valued at approximately $778,000.

Other institutional investors have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC grew its holdings in shares of Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after purchasing an additional 130 shares during the last quarter. Mcdaniel Terry & Co. grew its holdings in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its holdings in shares of Microsoft by 3.0% during the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares during the last quarter. Strategic Financial Services Inc. grew its holdings in shares of Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in shares of Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after purchasing an additional 1,043 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on MSFT. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a report on Saturday. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Barclays increased their price objective on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Finally, Wedbush reissued an “outperform” rating on shares of Microsoft in a report on Wednesday, May 21st. Five research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $515.68.

Microsoft Stock Performance

MSFT opened at $478.04 on Wednesday. The firm has a market cap of $3.55 trillion, a PE ratio of 36.94, a P/E/G ratio of 2.44 and a beta of 1.03. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The business has a fifty day simple moving average of $432.29 and a 200-day simple moving average of $419.32. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $480.69.

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 business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s revenue was up 13.3% compared to the same quarter last year. During the same period last year, the company posted $2.94 EPS. As a group, equities analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business 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. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is presently 25.66%.

Insider Transactions at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the firm’s stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the sale, the insider now owns 476,999 shares of the company’s stock, valued at $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 1,000 shares of the firm’s stock in a transaction on 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 approximately $21,647,150.58. This trade represents a 2.08% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. 0.03% of the stock is currently owned by corporate insiders.

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.