Focus Financial Network Inc. Has $30.13 Million Stake in Microsoft Corporation (NASDAQ:MSFT)

Focus Financial Network Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 80,263 shares of the software giant’s stock after purchasing an additional 968 shares during the quarter. Microsoft comprises about 1.2% of Focus Financial Network Inc.’s investment portfolio, making the stock its 10th largest position. Focus Financial Network Inc.’s holdings in Microsoft were worth $30,130,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in MSFT. Adamsbrown Wealth Consultants LLC increased its stake in Microsoft by 2.2% in the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after buying an additional 130 shares during the period. Mcdaniel Terry & Co. grew its holdings in Microsoft by 6.1% during the 4th 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 boosted its holdings in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after buying an additional 294 shares in the last quarter. Strategic Financial Services Inc. boosted its stake in Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its stake in Microsoft by 147.9% in the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $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 Up 0.4%

Shares of NASDAQ:MSFT opened at $503.32 on Friday. The stock’s 50-day moving average price is $470.64 and its two-hundred day moving average price is $425.76. 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 12-month low of $344.79 and a 12-month high of $506.78. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a PEG ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 EPS. On average, research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company 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 of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Analyst Ratings Changes

Several research firms have recently weighed in on MSFT. DA Davidson lifted their target price on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Scotiabank boosted their price target on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 1st. TD Securities boosted their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Benchmark reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a report on Wednesday. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $534.14.

Insider Activity

In related news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. Insiders own 0.03% of the company’s stock.

About Microsoft

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.