Cyndeo Wealth Partners LLC Buys 16,432 Shares of Microsoft Corporation (NASDAQ:MSFT)

Cyndeo Wealth Partners LLC grew its stake in Microsoft Corporation (NASDAQ:MSFT) by 11.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 163,885 shares of the software giant’s stock after purchasing an additional 16,432 shares during the period. Microsoft makes up approximately 4.0% of Cyndeo Wealth Partners LLC’s portfolio, making the stock its biggest holding. Cyndeo Wealth Partners LLC’s holdings in Microsoft were worth $61,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of MSFT. Adamsbrown Wealth Consultants LLC boosted its stake in shares of Microsoft by 2.2% in the fourth quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock valued at $2,515,000 after buying an additional 130 shares in the last quarter. Mcdaniel Terry & Co. boosted its stake in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after buying an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC boosted its stake in shares of Microsoft by 3.0% in the fourth quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after buying an additional 294 shares in the last quarter. Strategic Financial Services Inc. boosted its stake in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after buying an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. boosted its stake in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock valued at $737,000 after buying an additional 1,043 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. Benchmark reissued a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Citigroup upped 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. Scotiabank increased their target price on Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research note on Thursday, May 1st. Royal Bank Of Canada reiterated an “outperform” rating and issued a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Finally, Mizuho increased their target price on Microsoft from $500.00 to $540.00 and gave the company an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $541.79.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction that occurred on 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 completion of 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 6,000 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the completion of the transaction, the insider directly owned 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

MSFT opened at $510.05 on Friday. The company has a market cap of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04. The stock has a 50-day moving average of $477.78 and a 200-day moving average of $428.54. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $514.64. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The firm’s revenue for the quarter was up 13.3% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company 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 $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. Microsoft’s dividend payout ratio is currently 25.66%.

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.