My Legacy Advisors LLC Boosts Position in Microsoft Corporation (NASDAQ:MSFT)

My Legacy Advisors LLC boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,322 shares of the software giant’s stock after purchasing an additional 163 shares during the quarter. Microsoft comprises 2.8% of My Legacy Advisors LLC’s portfolio, making the stock its 4th biggest holding. My Legacy Advisors LLC’s holdings in Microsoft were worth $7,253,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft in the fourth quarter worth about $38,000. LSV Asset Management purchased a new stake in shares of Microsoft in the fourth quarter worth about $44,000. IFS Advisors LLC boosted its position in 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 in the last quarter. Finally, Fairway Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter valued at approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.4%

Shares of MSFT opened at $503.32 on Friday. The firm has a market capitalization of $3.74 trillion, a P/E ratio of 38.90, a P/E/G ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $506.78. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The firm has a fifty day moving average price of $470.64 and a 200-day moving average price of $425.76.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company posted $2.94 earnings per share. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. Equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. 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 payout ratio is 25.66%.

Analysts Set New Price Targets

Several brokerages recently issued reports on MSFT. Wall Street Zen cut Microsoft from a “buy” rating to a “hold” rating in a research report on Monday, June 30th. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Scotiabank upped their price objective on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald upped their price target on shares of Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $534.14.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred 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 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the 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 owned 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by insiders.

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.