Microsoft Corporation (NASDAQ:MSFT) Stake Cut by Rolek Wealth Management LLC

Rolek Wealth Management LLC lowered its stake in Microsoft Corporation (NASDAQ:MSFT) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,735 shares of the software giant’s stock after selling 51 shares during the quarter. Microsoft makes up about 0.7% of Rolek Wealth Management LLC’s holdings, making the stock its 7th biggest position. Rolek Wealth Management LLC’s holdings in Microsoft were worth $669,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MSFT. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft during the 4th quarter worth $31,000. Newton One Investments LLC increased its holdings in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. LSV Asset Management acquired a new stake in Microsoft in the 4th quarter valued at $44,000. Fairway Wealth LLC acquired a new stake in Microsoft in the 4th quarter valued at $62,000. Finally, IFS Advisors LLC increased its holdings in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. TD Securities upped their price objective on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Barclays increased their price target on shares of Microsoft from $494.00 to $550.00 and gave the stock an “overweight” rating in a research report on Monday, July 21st. Bank of America increased their price objective on shares of Microsoft from $515.00 to $585.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Evercore ISI increased their price objective on shares of Microsoft from $515.00 to $545.00 and gave the stock an “outperform” rating in a research note on Friday. Finally, Jefferies Financial Group increased their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $551.21.

Insider Buying and Selling at Microsoft

In other news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction 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 $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 in the last ninety days. Company insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.6%

Microsoft stock opened at $513.71 on Friday. The firm’s 50 day moving average price is $483.52 and its two-hundred day moving average price is $431.47. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $518.29. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The firm has a market cap of $3.82 trillion, a price-to-earnings ratio of 39.70, a price-to-earnings-growth ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping 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 firm had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter last year, the business posted $2.94 EPS. The company’s revenue was up 13.3% on a year-over-year basis. On average, research analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently announced 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 yield of 0.65%. Microsoft’s payout ratio is 25.66%.

Microsoft 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.