Robertson Stephens Wealth Management LLC Lowers Position in Microsoft Corporation (NASDAQ:MSFT)

Robertson Stephens Wealth Management LLC cut its holdings in Microsoft Corporation (NASDAQ:MSFT) by 1.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 124,700 shares of the software giant’s stock after selling 2,474 shares during the period. Microsoft accounts for 1.6% of Robertson Stephens Wealth Management LLC’s portfolio, making the stock its 10th largest holding. Robertson Stephens Wealth Management LLC’s holdings in Microsoft were worth $46,811,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft during the fourth quarter valued at $31,000. Fiduciary Advisors Inc. bought a new stake in Microsoft during the 4th quarter valued at about $38,000. LSV Asset Management bought a new stake in Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC bought a new stake in Microsoft during the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the 1st 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. 71.13% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. TD Securities boosted their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, May 1st. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research note on Thursday, May 1st. KeyCorp reiterated a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Evercore ISI set a $515.00 price objective on shares of Microsoft and gave the stock an “outperform” rating in a research report on Wednesday, May 21st. Finally, Scotiabank increased their target price on shares of Microsoft from $470.00 to $500.00 and gave the company a “sector outperform” rating in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $543.79.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $510.06 on Tuesday. 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 2.32 and a beta of 1.04. The stock has a fifty day simple moving average of $477.78 and a two-hundred day simple moving average of $428.61. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. The firm 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 company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $2.94 earnings per share. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis 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%.

Insider Activity

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider directly owned 471,036 shares in the company, valued at $204,038,664.12. This represents a 1.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, 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. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. 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.