Burr Financial Services LLC Trims Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Burr Financial Services LLC decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 24.8% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 3,946 shares of the software giant’s stock after selling 1,300 shares during the period. Microsoft accounts for approximately 1.2% of Burr Financial Services LLC’s portfolio, making the stock its 12th largest holding. Burr Financial Services LLC’s holdings in Microsoft were worth $1,481,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the company. Adamsbrown Wealth Consultants LLC raised its stake in Microsoft by 2.2% during the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares during the period. Mcdaniel Terry & Co. increased its position in shares of Microsoft by 6.1% in the fourth 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 in the last quarter. 1900 Wealth Management LLC grew its holdings in Microsoft by 3.0% during the 4th 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 in the last quarter. Strategic Financial Services Inc. grew its holdings in Microsoft by 7.8% during the 4th 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 in the last quarter. Finally, Elevate Wealth Advisory Inc. grew its holdings in Microsoft by 147.9% during the 4th 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 in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $497.45 on Friday. The firm’s 50 day moving average is $446.90 and its 200-day moving average is $421.75. The stock has a market capitalization of $3.70 trillion, a P/E ratio of 38.44, a P/E/G ratio of 2.50 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. Microsoft Corporation has a 12-month low of $344.79 and a 12-month 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, topping the consensus estimate of $3.22 by $0.24. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business’s revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.94 EPS. Equities research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced 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. This represents a $3.32 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the transaction, the executive vice president now owns 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last ninety days. 0.03% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on MSFT shares. Barclays raised their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Royal Bank Of Canada reiterated an “outperform” rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Scotiabank increased their price objective on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Sunday, June 22nd. Four investment analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $521.14.

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.