Farrell Financial LLC Acquires 110 Shares of Microsoft Corporation (NASDAQ:MSFT)

Farrell Financial LLC grew its holdings in Microsoft Corporation (NASDAQ:MSFT) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,466 shares of the software giant’s stock after purchasing an additional 110 shares during the period. Microsoft comprises about 2.3% of Farrell Financial LLC’s investment portfolio, making the stock its 16th biggest holding. Farrell Financial LLC’s holdings in Microsoft were worth $3,178,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter worth $31,000. Fiduciary Advisors Inc. purchased a new position in shares of Microsoft in the 4th quarter worth $38,000. LSV Asset Management purchased a new position in shares of Microsoft in the 4th quarter worth $44,000. IFS Advisors LLC boosted its stake in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in shares of Microsoft in the 4th quarter worth $62,000. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated 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 sale, the executive vice president directly owned 43,930 shares of the company’s stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $503.02 on Tuesday. The stock’s 50-day simple moving average is $471.98 and its 200-day simple moving average is $426.18. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $506.78. The company has a market capitalization of $3.74 trillion, a price-to-earnings ratio of 38.87, a PEG ratio of 2.28 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

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

Microsoft Dividend Announcement

The company also recently announced 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 0.66%. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Mizuho raised their price target on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Raymond James Financial raised their price target on Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research note on Thursday, May 1st. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Morgan Stanley reiterated an “overweight” rating and set a $530.00 target price (up from $482.00) on shares of Microsoft in a research report on Thursday, June 26th. Four research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $534.14.

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.