Bouvel Investment Partners LLC Has $7.31 Million Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Bouvel Investment Partners LLC lessened its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,467 shares of the software giant’s stock after selling 336 shares during the period. Microsoft comprises 3.0% of Bouvel Investment Partners LLC’s holdings, making the stock its 8th largest position. Bouvel Investment Partners LLC’s holdings in Microsoft were worth $7,308,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Adamsbrown Wealth Consultants LLC increased its holdings in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its holdings in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC increased its holdings in Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. increased its holdings in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its holdings in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on MSFT shares. Westpark Capital restated a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. Scotiabank increased their price objective on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research note on Thursday, May 1st. Oppenheimer upgraded shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price objective for the company in a research note on Wednesday, July 9th. Guggenheim restated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, 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. Four research 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 currently has a consensus rating of “Moderate Buy” and a consensus price target of $541.79.

Insider Activity at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the firm’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider directly owned 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.3%

Shares of MSFT opened at $510.05 on Friday. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64. The firm’s 50 day moving average is $477.78 and its 200-day moving average is $428.49. The stock has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced 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. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same period last year, the firm earned $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. Equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm 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 dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is presently 25.66%.

Microsoft 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.