Pacific Sun Financial Corp Boosts Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Pacific Sun Financial Corp boosted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 11.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,891 shares of the software giant’s stock after purchasing an additional 520 shares during the quarter. Microsoft makes up approximately 1.0% of Pacific Sun Financial Corp’s holdings, making the stock its 24th largest holding. Pacific Sun Financial Corp’s holdings in Microsoft were worth $1,836,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ball & Co Wealth Management Inc. purchased a new stake in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $38,000. LSV Asset Management bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $44,000. IFS Advisors LLC increased its holdings in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the sale, the insider directly owned 471,036 shares of the company’s stock, valued at $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The shares were 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. This represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock valued at $60,224,683 over the last 90 days. 0.03% of the stock is owned by insiders.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of research analyst reports. Wall Street Zen downgraded Microsoft from a “buy” rating to a “hold” rating in a report on Monday, June 30th. UBS Group reiterated a “positive” rating on shares of Microsoft in a report on Monday, June 30th. TD Securities boosted their price objective on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. DA Davidson boosted their price objective on Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Finally, Benchmark restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Four equities 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 presently has a consensus rating of “Moderate Buy” and a consensus target price of $541.79.

Microsoft Trading Down 0.3%

Shares of Microsoft stock opened at $510.05 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The business has a fifty day simple moving average of $477.78 and a 200-day simple moving average of $428.49. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion during 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 company’s revenue was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.94 earnings per share. On average, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

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