Microsoft Corporation (NASDAQ:MSFT) is Everhart Financial Group Inc.’s 7th Largest Position

Everhart Financial Group Inc. boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,952 shares of the software giant’s stock after acquiring an additional 783 shares during the period. Microsoft accounts for about 2.5% of Everhart Financial Group Inc.’s investment portfolio, making the stock its 7th largest holding. Everhart Financial Group Inc.’s holdings in Microsoft were worth $18,376,000 as of its most recent SEC filing.

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

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Tigress Financial boosted their target price on shares of Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research report on Thursday, March 20th. UBS Group restated a “positive” rating on shares of Microsoft in a research report on Monday, June 30th. The Goldman Sachs Group boosted their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research report on Wednesday, May 21st. Finally, Evercore ISI set a $515.00 target price on shares of Microsoft and gave the company an “outperform” rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. Based on data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $534.14.

Microsoft Price Performance

MSFT stock opened at $505.82 on Wednesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $508.30. The company’s fifty day moving average price is $473.43 and its 200-day moving average price is $426.73. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The company has a market capitalization of $3.76 trillion, a PE ratio of 39.09, a price-to-earnings-growth ratio of 2.28 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last released its 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 the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.94 earnings per share. On average, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last quarter. 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.