Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by AlphaCore Capital LLC

AlphaCore Capital LLC lifted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 28,983 shares of the software giant’s stock after purchasing an additional 864 shares during the quarter. Microsoft comprises 2.6% of AlphaCore Capital LLC’s holdings, making the stock its 6th biggest position. AlphaCore Capital LLC’s holdings in Microsoft were worth $12,216,000 as of its most recent SEC filing.

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

Microsoft Stock Up 0.5%

MSFT stock opened at $480.24 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock has a market capitalization of $3.57 trillion, a price-to-earnings ratio of 37.11, a PEG ratio of 2.44 and a beta of 1.03. The business’s fifty day moving average price is $436.07 and its two-hundred day moving average price is $420.16. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $481.00.

Microsoft (NASDAQ:MSFT) last posted 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 firm had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter last year, the business earned $2.94 EPS. On average, equities analysts anticipate that Microsoft Corporation 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. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.69%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, the executive vice president now owns 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider now owns 471,036 shares in the company, valued at $204,038,664.12. The trade was 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 90 days. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. Jefferies Financial Group upped their price target on Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Barclays upped their price target on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Mizuho increased their price objective on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. DA Davidson increased their price objective on Microsoft from $450.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Wall Street Zen downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Saturday, June 14th. Five research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $515.68.

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.