Retirement Solution LLC Has $10.55 Million Position in Microsoft Corporation (NASDAQ:MSFT)

Retirement Solution LLC grew its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 3.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 28,096 shares of the software giant’s stock after acquiring an additional 1,040 shares during the quarter. Microsoft comprises about 2.9% of Retirement Solution LLC’s investment portfolio, making the stock its 7th largest holding. Retirement Solution LLC’s holdings in Microsoft were worth $10,547,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Ball & Co Wealth Management Inc. bought a new stake in Microsoft in the fourth quarter worth about $31,000. Fiduciary Advisors Inc. purchased a new stake in Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management purchased a new stake in Microsoft during the fourth quarter valued at about $44,000. IFS Advisors LLC lifted its stake in Microsoft by 50.0% during 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 in the last quarter. Finally, Fairway Wealth LLC purchased a new stake in Microsoft during the fourth quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction 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 directly owned 43,930 shares in the company, valued at $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock worth $60,224,683. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Trading Down 0.3%

Shares of NASDAQ MSFT opened at $510.05 on Friday. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $514.64. The company has a market cap of $3.79 trillion, a price-to-earnings ratio of 39.42, a PEG ratio of 2.32 and a beta of 1.04. The business’s 50 day moving average price is $477.78 and its 200-day moving average price is $428.54. 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 (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts’ expectations 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 earned $2.94 EPS. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts recently commented on MSFT shares. Stifel Nicolaus increased their price objective on Microsoft from $475.00 to $500.00 and gave the stock a “buy” rating in a report on Thursday, May 1st. Cantor Fitzgerald reaffirmed an “overweight” rating and set a $581.00 target price (up previously from $512.00) on shares of Microsoft in a research report on Wednesday. Scotiabank upped their target price on Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 1st. Barclays upped their target price on Microsoft from $430.00 to $494.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $525.00 target price on shares of Microsoft in a research report on Friday, May 23rd. Four investment 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.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $541.79.

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.