Everpar Advisors LLC Has $6.94 Million Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

Everpar Advisors LLC trimmed its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.8% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,484 shares of the software giant’s stock after selling 528 shares during the period. Microsoft makes up about 3.7% of Everpar Advisors LLC’s portfolio, making the stock its 3rd biggest position. Everpar Advisors LLC’s holdings in Microsoft were worth $6,939,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of MSFT. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft in the 4th quarter valued at about $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft during the fourth quarter worth $38,000. LSV Asset Management acquired a new stake in shares of Microsoft in the fourth quarter valued at $44,000. IFS Advisors LLC increased its holdings in Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter worth about $62,000. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was 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 of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company’s 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 sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock valued at $60,224,683 in the last three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on MSFT. Royal Bank Of Canada reiterated an “outperform” rating and set a $525.00 price target on shares of Microsoft in a research report on Friday, May 23rd. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler upped their target price on shares of Microsoft from $475.00 to $600.00 and gave the company an “overweight” rating in a research note on Thursday, July 10th. Mizuho increased their price objective on shares of Microsoft from $500.00 to $540.00 and gave the stock an “outperform” rating in a research note on Wednesday. Finally, Citigroup increased their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $538.04.

Microsoft Trading Up 1.2%

Shares of MSFT opened at $511.70 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market cap of $3.80 trillion, a P/E ratio of 39.54, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $513.37. The company has a 50 day simple moving average of $476.35 and a two-hundred day simple moving average of $427.88.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating 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%. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter last year, the firm posted $2.94 earnings per share. On average, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

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.