Authentikos Wealth Advisory LLC Invests $2.96 Million in Microsoft Corporation (NASDAQ:MSFT)

Authentikos Wealth Advisory LLC purchased a new position in shares of Microsoft Corporation (NASDAQ:MSFT) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 7,896 shares of the software giant’s stock, valued at approximately $2,964,000. Microsoft accounts for approximately 2.5% of Authentikos Wealth Advisory LLC’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds have also recently modified their holdings of the company. Cyndeo Wealth Partners LLC boosted its position in shares of Microsoft by 11.1% in the 1st quarter. Cyndeo Wealth Partners LLC now owns 163,885 shares of the software giant’s stock worth $61,521,000 after buying an additional 16,432 shares in the last quarter. Hanson & Doremus Investment Management raised its stake in Microsoft by 11.5% in the 1st quarter. Hanson & Doremus Investment Management now owns 48,781 shares of the software giant’s stock valued at $18,312,000 after purchasing an additional 5,027 shares during the last quarter. Bayshore Asset Management LLC increased its stake in shares of Microsoft by 0.6% during the 1st quarter. Bayshore Asset Management LLC now owns 4,490 shares of the software giant’s stock valued at $1,686,000 after acquiring an additional 27 shares during the last quarter. CHB Investment Group LLC increased its stake in shares of Microsoft by 1.9% during the 1st quarter. CHB Investment Group LLC now owns 6,602 shares of the software giant’s stock valued at $2,478,000 after acquiring an additional 121 shares during the last quarter. Finally, Traphagen Investment Advisors LLC increased its stake in shares of Microsoft by 11.1% during the 1st quarter. Traphagen Investment Advisors LLC now owns 15,346 shares of the software giant’s stock valued at $5,761,000 after acquiring an additional 1,537 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $510.05 on Friday. The business’s fifty day moving average price is $477.78 and its two-hundred day moving average price is $428.54. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64. The stock has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

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 return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion for the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the business earned $2.94 earnings per share. The business’s revenue for the quarter was up 13.3% on a year-over-year basis. As a group, analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is currently 25.66%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Benchmark reissued a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Evercore ISI set a $515.00 target price on Microsoft and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Mizuho increased their price target on 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 target on Microsoft from $540.00 to $605.00 and gave the stock a “buy” rating in a research note on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $541.79.

Insider Buying and Selling at Microsoft

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

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.