Boston Standard Wealth Management LLC Sells 134 Shares of Microsoft Corporation (NASDAQ:MSFT)

Boston Standard Wealth Management LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 8.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,372 shares of the software giant’s stock after selling 134 shares during the quarter. Boston Standard Wealth Management LLC’s holdings in Microsoft were worth $515,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft during the 4th quarter worth approximately $38,000. IFS Advisors LLC grew its position in Microsoft by 53.8% during the 4th 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 last quarter. LSV Asset Management bought a new position in Microsoft during the 4th quarter worth approximately $44,000. Finally, Fairway Wealth LLC bought a new position in Microsoft during the 4th quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other Microsoft news, 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 owns 43,930 shares in the company, valued at approximately $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the executive vice president now owns 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Trading Up 1.1%

MSFT opened at $497.45 on Friday. The stock has a market cap of $3.70 trillion, a PE ratio of 38.44, a PEG ratio of 2.50 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 50 day moving average of $446.90 and a 200-day moving average of $421.75. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $498.04.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during 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 firm’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.94 earnings per share. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The business 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 dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. Guggenheim restated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Tigress Financial raised their price target on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a research report on Thursday, March 20th. BMO Capital Markets restated an “outperform” rating on shares of Microsoft in a research report on Wednesday, May 21st. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. Finally, Bank of America dropped their price objective on Microsoft from $510.00 to $480.00 and set a “buy” rating for the company in a report on Tuesday, April 15th. Four investment 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 a consensus target price of $521.14.

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.