Sagespring Wealth Partners LLC Raises Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Sagespring Wealth Partners LLC grew its holdings in Microsoft Corporation (NASDAQ:MSFT) by 4.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 95,040 shares of the software giant’s stock after purchasing an additional 4,278 shares during the quarter. Microsoft accounts for about 0.3% of Sagespring Wealth Partners LLC’s holdings, making the stock its 28th biggest holding. Sagespring Wealth Partners LLC’s holdings in Microsoft were worth $35,677,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Adamsbrown Wealth Consultants LLC grew its stake 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 buying an additional 130 shares during the last quarter. Mcdaniel Terry & Co. grew its stake in shares of Microsoft by 6.1% in the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock valued at $133,023,000 after purchasing an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC grew its stake in shares of Microsoft by 3.0% in the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock valued at $4,274,000 after purchasing an additional 294 shares during 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. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The shares were 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 directly 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 document filed with the SEC, which is accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The stock was 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 $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 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.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on MSFT. Cantor Fitzgerald restated an “overweight” rating and issued a $581.00 price target (up from $512.00) on shares of Microsoft in a research note on Wednesday. Evercore ISI set a $515.00 price objective on Microsoft and gave the stock an “outperform” rating in a report on Wednesday, May 21st. BMO Capital Markets lifted their price objective on Microsoft from $485.00 to $550.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Stifel Nicolaus lifted 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. Finally, Benchmark reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Four research analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $541.79.

Microsoft Price Performance

MSFT opened at $510.05 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $514.64. The company has a fifty day simple moving average of $477.78 and a 200 day simple moving average of $428.61. The stock has a market cap of $3.79 trillion, a P/E ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. During the same quarter in the prior year, the company earned $2.94 EPS. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. 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 payout ratio is 25.66%.

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.