Microsoft Corporation (NASDAQ:MSFT) Position Increased by Onyx Financial Advisors LLC

Onyx Financial Advisors LLC grew its position in Microsoft Corporation (NASDAQ:MSFT) by 0.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,088 shares of the software giant’s stock after acquiring an additional 35 shares during the period. Microsoft comprises 1.4% of Onyx Financial Advisors LLC’s portfolio, making the stock its 6th largest holding. Onyx Financial Advisors LLC’s holdings in Microsoft were worth $2,661,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Flavin Financial Services Inc. boosted its holdings in shares of Microsoft by 3.2% in the first quarter. Flavin Financial Services Inc. now owns 13,971 shares of the software giant’s stock valued at $5,245,000 after acquiring an additional 430 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its holdings in Microsoft by 2.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 13,545 shares of the software giant’s stock worth $5,085,000 after buying an additional 337 shares in the last quarter. Nova R Wealth Inc. boosted its holdings in Microsoft by 3.5% during the first quarter. Nova R Wealth Inc. now owns 3,690 shares of the software giant’s stock worth $1,385,000 after buying an additional 124 shares in the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Microsoft by 0.7% during the first quarter. Robeco Institutional Asset Management B.V. now owns 5,805,818 shares of the software giant’s stock worth $2,179,446,000 after buying an additional 37,739 shares in the last quarter. Finally, Value Partners Investments Inc. boosted its holdings in Microsoft by 776.6% during the first quarter. Value Partners Investments Inc. now owns 107,882 shares of the software giant’s stock worth $40,541,000 after buying an additional 95,575 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT stock opened at $524.94 on Thursday. Microsoft Corporation has a one year low of $344.79 and a one year 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. The company has a 50 day moving average price of $494.34 and a 200 day moving average price of $437.01. The firm has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.49, a price-to-earnings-growth ratio of 2.31 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter in the prior year, the business posted $2.95 earnings per share. Microsoft’s revenue for the quarter was up 18.1% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is currently 24.34%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president owned 43,930 shares of the company’s stock, 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. Insiders have sold 54,743 shares of company stock valued at $24,921,913 in the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on MSFT. Wedbush boosted their price objective on shares of Microsoft from $600.00 to $625.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Benchmark reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Bank of America boosted their price objective on shares of Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday, July 31st. Stifel Nicolaus boosted their price objective on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. Based on data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and an average target price of $609.86.

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.