NRI Wealth Management LC Purchases 489 Shares of Microsoft Corporation (NASDAQ:MSFT)

NRI Wealth Management LC increased its position in Microsoft Corporation (NASDAQ:MSFT) by 7.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,305 shares of the software giant’s stock after purchasing an additional 489 shares during the quarter. Microsoft makes up 2.0% of NRI Wealth Management LC’s holdings, making the stock its 11th largest position. NRI Wealth Management LC’s holdings in Microsoft were worth $2,742,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. grew its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after buying an additional 10,431,988 shares during the last quarter. Geode Capital Management LLC grew its stake in Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock valued at $70,720,874,000 after buying an additional 3,103,212 shares during the last quarter. Norges Bank acquired a new position in Microsoft in the 4th quarter valued at about $44,343,058,000. Northern Trust Corp grew its stake in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock valued at $25,273,704,000 after buying an additional 5,370,546 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft 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 completion of the transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company’s stock, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 54,743 shares of company stock worth $24,921,913 over the last ninety days. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on MSFT shares. Stifel Nicolaus upped their price target on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Westpark Capital restated a “hold” rating on shares of Microsoft in a research report on Thursday, July 31st. Barclays increased their target price on shares of Microsoft from $550.00 to $625.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Wells Fargo & Company restated an “overweight” rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, JPMorgan Chase & Co. increased their target price on shares of Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a research report on Thursday, May 1st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $609.86.

Microsoft Price Performance

MSFT stock opened at $527.75 on Wednesday. The company has a fifty day moving average price of $492.99 and a 200-day moving average price of $436.40. The company has a market capitalization of $3.92 trillion, a P/E ratio of 38.69, a PEG ratio of 2.34 and a beta of 1.06. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $555.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.95 earnings per share. As a group, equities analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders 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 annualized dividend and a dividend yield of 0.6%. Microsoft’s dividend payout ratio (DPR) is presently 24.34%.

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.