Kelly Financial Group LLC Purchases 926 Shares of Microsoft Corporation (NASDAQ:MSFT)

Kelly Financial Group LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 10.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 9,902 shares of the software giant’s stock after acquiring an additional 926 shares during the quarter. Microsoft makes up 0.6% of Kelly Financial Group LLC’s investment portfolio, making the stock its 19th largest position. Kelly Financial Group LLC’s holdings in Microsoft were worth $3,717,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. RTD Financial Advisors Inc. grew its stake in shares of Microsoft by 11.6% during the 1st quarter. RTD Financial Advisors Inc. now owns 1,941 shares of the software giant’s stock worth $729,000 after acquiring an additional 201 shares during the period. CVA Family Office LLC lifted its holdings in Microsoft by 2.4% during the 1st quarter. CVA Family Office LLC now owns 24,797 shares of the software giant’s stock worth $9,308,000 after purchasing an additional 592 shares in the last quarter. Powers Advisory Group LLC lifted its holdings in Microsoft by 0.8% during the 1st quarter. Powers Advisory Group LLC now owns 14,256 shares of the software giant’s stock worth $5,352,000 after purchasing an additional 116 shares in the last quarter. Krilogy Financial LLC lifted its holdings in Microsoft by 3.6% during the 1st quarter. Krilogy Financial LLC now owns 51,863 shares of the software giant’s stock worth $19,469,000 after purchasing an additional 1,794 shares in the last quarter. Finally, West Branch Capital LLC lifted its holdings in Microsoft by 2.4% during the 1st quarter. West Branch Capital LLC now owns 55,674 shares of the software giant’s stock worth $20,899,000 after purchasing an additional 1,318 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company’s 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 sale, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $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. Over the last 90 days, insiders sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

NASDAQ:MSFT opened at $505.62 on Thursday. 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 company has a market capitalization of $3.76 trillion, a P/E ratio of 39.07, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $508.30. The business’s 50-day moving average is $474.88 and its 200 day moving average is $427.28.

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

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Tigress Financial increased their price objective on Microsoft from $550.00 to $595.00 and gave the stock a “buy” rating in a report on Thursday, March 20th. Oppenheimer raised Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective on the stock in a report on Wednesday, July 9th. Mizuho increased their price objective on Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a report on Wednesday. Westpark Capital reissued a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Morgan Stanley reissued an “overweight” rating and set a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a report on Thursday, June 26th. Four research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and an average price target of $538.04.

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.