HWG Holdings LP Has $21.33 Million Position in Microsoft Corporation (NASDAQ:MSFT)

HWG Holdings LP lessened its holdings in Microsoft Corporation (NASDAQ:MSFT) by 5.8% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 50,596 shares of the software giant’s stock after selling 3,093 shares during the period. Microsoft accounts for approximately 7.0% of HWG Holdings LP’s portfolio, making the stock its 4th largest holding. HWG Holdings LP’s holdings in Microsoft were worth $21,326,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. 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 increased its position in shares of Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC increased its position in shares of Microsoft by 0.5% during the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock worth $2,335,000 after purchasing an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel grew its holdings in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock valued at $1,385,000 after buying an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group boosted its holdings in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock valued at $2,368,000 after purchasing an additional 25 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the topic of several recent analyst reports. Guggenheim reissued a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Jefferies Financial Group boosted their price target 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. Raymond James Financial boosted their price target on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Morgan Stanley reissued an “overweight” rating on shares of Microsoft in a report on Wednesday, June 4th. Finally, Mizuho raised their price target on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. 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 MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $515.68.

Insider Transactions at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 471,036 shares in the company, valued at $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT opened at $477.40 on Friday. The firm has a market cap 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 current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $483.46. The company has a fifty day simple moving average of $437.84 and a 200 day simple moving average of $420.47.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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 net margin of 35.79% and a return on equity of 32.74%. The company’s quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $2.94 EPS. Equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared 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. 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 dividend payout ratio (DPR) is 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.