Matthew Goff Investment Advisor LLC Decreases Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Matthew Goff Investment Advisor LLC lessened its stake in Microsoft Corporation (NASDAQ:MSFT) by 0.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 117,898 shares of the software giant’s stock after selling 361 shares during the period. Microsoft accounts for 8.2% of Matthew Goff Investment Advisor LLC’s portfolio, making the stock its 2nd largest holding. Matthew Goff Investment Advisor LLC’s holdings in Microsoft were worth $44,258,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently bought and sold shares of the company. Adamsbrown Wealth Consultants LLC grew its holdings in shares of Microsoft by 2.2% in the 4th 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 during the period. Mcdaniel Terry & Co. boosted its stake in shares of Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after buying an additional 18,052 shares during the last quarter. 1900 Wealth Management LLC raised its holdings 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 period. Strategic Financial Services Inc. raised its holdings in shares of Microsoft by 7.8% in the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock valued at $7,345,000 after purchasing an additional 1,268 shares during the period. Finally, Elevate Wealth Advisory Inc. raised its position 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 purchasing an additional 1,043 shares during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Trading Up 0.6%

MSFT opened at $513.71 on Friday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $518.29. The business has a fifty day simple moving average of $483.52 and a 200-day simple moving average of $431.47. The firm has a market cap of $3.82 trillion, a P/E ratio of 39.70, a P/E/G ratio of 2.32 and a beta of 1.04. 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 (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 EPS. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Analyst Ratings Changes

Several research analysts have recently commented on the stock. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America lifted their target price on shares of Microsoft from $515.00 to $585.00 and gave the stock a “buy” rating in a research report on Friday, July 18th. Wall Street Zen cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, June 30th. Evercore ISI lifted their price objective on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a 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 stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $551.21.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 75,000 shares of the business’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the transaction, the insider directly owned 476,999 shares in the company, valued at $207,995,413.95. The trade was a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction dated 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 transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 135,743 shares of company stock valued at $60,224,683. 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.