Legacy CG LLC Purchases 238 Shares of Microsoft Corporation (NASDAQ:MSFT)

Legacy CG LLC boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,408 shares of the software giant’s stock after buying an additional 238 shares during the quarter. Microsoft makes up about 2.1% of Legacy CG LLC’s holdings, making the stock its 16th biggest holding. Legacy CG LLC’s holdings in Microsoft were worth $6,535,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in MSFT. Newton One Investments LLC grew its holdings in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the 4th quarter valued at about $31,000. LSV Asset Management purchased a new stake in shares of Microsoft during the 4th quarter valued at about $44,000. IFS Advisors LLC boosted its holdings in shares of 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 acquiring an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $62,000. 71.13% of the stock is currently owned by institutional investors.

Microsoft Trading Up 0.2%

Shares of MSFT opened at $522.04 on Friday. The company’s fifty day moving average is $496.85 and its 200 day moving average is $438.29. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The stock has a market capitalization of $3.88 trillion, a PE ratio of 38.27, a P/E/G ratio of 2.28 and a beta of 1.06. 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 announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share 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 company had revenue of $76.44 billion for the quarter, compared to analysts’ expectations of $73.79 billion. During the same quarter in the previous year, the business posted $2.95 earnings per share. Microsoft’s quarterly revenue was up 18.1% on a year-over-year basis. Sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company 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 of this dividend is Thursday, August 21st. Microsoft’s payout ratio is presently 24.34%.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft 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 completion of the transaction, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% 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 Microsoft stock in a transaction 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 transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 54,743 shares of company stock valued at $24,921,913 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on MSFT shares. Mizuho raised their price target on shares of Microsoft from $540.00 to $625.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Evercore ISI raised their price target on shares of Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a report on Friday, July 25th. DA Davidson raised their price target on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, July 31st. BMO Capital Markets raised their price objective on shares of Microsoft from $550.00 to $650.00 and gave the stock an “outperform” rating in a report on Thursday, July 31st. Finally, Cantor Fitzgerald raised their price objective on shares of Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus 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.