3,375 Shares in Microsoft Corporation (NASDAQ:MSFT) Acquired by XY Planning Network Inc.

XY Planning Network Inc. bought a new position in Microsoft Corporation (NASDAQ:MSFT) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,375 shares of the software giant’s stock, valued at approximately $1,422,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter worth approximately $38,000. IFS Advisors LLC raised its position in Microsoft by 53.8% in the fourth quarter. IFS Advisors LLC now owns 100 shares of the software giant’s stock worth $42,000 after acquiring an additional 35 shares during the period. LSV Asset Management bought a new position in Microsoft in the fourth quarter worth approximately $44,000. Finally, Fairway Wealth LLC bought a new position in Microsoft in the fourth quarter worth approximately $62,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insiders Place Their Bets

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president now directly owns 43,100 shares of the company’s stock, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 completion of the transaction, the executive vice president now directly owns 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock valued at $60,224,683 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

MSFT opened at $477.40 on Friday. The stock has a market capitalization of $3.55 trillion, a price-to-earnings ratio of 36.89, a PEG ratio of 2.44 and a beta of 1.03. The company has a fifty day moving average of $437.84 and a 200 day moving average of $420.47. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $483.46. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same period last year, the company posted $2.94 EPS. The business’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Microsoft Corporation 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. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. Microsoft’s payout ratio is currently 25.66%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on MSFT shares. Wells Fargo & Company reiterated an “overweight” rating and issued a $565.00 price target (up from $515.00) on shares of Microsoft in a research report on Friday, June 13th. Scotiabank increased their price target on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 1st. BMO Capital Markets reiterated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Raymond James Financial increased their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Finally, Jefferies Financial Group raised their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $515.68.

Microsoft 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.