LexAurum Advisors LLC Has $6.03 Million Holdings in Microsoft Corporation (NASDAQ:MSFT)

LexAurum Advisors LLC cut its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 16,069 shares of the software giant’s stock after selling 206 shares during the period. Microsoft accounts for 1.2% of LexAurum Advisors LLC’s holdings, making the stock its 20th largest position. LexAurum Advisors LLC’s holdings in Microsoft were worth $6,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new stake in Microsoft during the fourth quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in shares of Microsoft during the fourth quarter worth approximately $38,000. LSV Asset Management bought a new position in shares of Microsoft during the fourth quarter worth approximately $44,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after purchasing an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new position in shares of Microsoft during the fourth quarter worth approximately $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Stifel Nicolaus raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Wall Street Zen cut shares of Microsoft from a “buy” rating to a “hold” rating in a report on Monday, June 30th. Raymond James Financial raised their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. TD Securities raised their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Finally, Mizuho raised their target price on shares of Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $524.71.

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred 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 transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Up 1.5%

Shares of MSFT opened at $498.25 on Monday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $500.76. The company has a 50-day moving average of $461.41 and a 200 day moving average of $423.48. The firm has a market capitalization of $3.70 trillion, a price-to-earnings ratio of 38.50, a PEG ratio of 2.26 and a beta of 1.04. 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 (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating 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 company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The firm’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 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.