Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Von Berge Wealth Management Group LLC

Von Berge Wealth Management Group LLC reduced its position in Microsoft Corporation (NASDAQ:MSFT) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,813 shares of the software giant’s stock after selling 249 shares during the quarter. Microsoft makes up approximately 1.0% of Von Berge Wealth Management Group LLC’s portfolio, making the stock its 22nd biggest position. Von Berge Wealth Management Group LLC’s holdings in Microsoft were worth $1,477,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Clear Creek Financial Management LLC grew its position in Microsoft by 4.3% in the 1st quarter. Clear Creek Financial Management LLC now owns 29,546 shares of the software giant’s stock valued at $11,091,000 after acquiring an additional 1,230 shares in the last quarter. RoundAngle Advisors LLC grew its position in Microsoft by 1.5% in the 1st quarter. RoundAngle Advisors LLC now owns 6,445 shares of the software giant’s stock valued at $2,419,000 after acquiring an additional 98 shares in the last quarter. Hapanowicz & Associates Financial Services Inc grew its position in Microsoft by 60.3% in the 1st quarter. Hapanowicz & Associates Financial Services Inc now owns 1,258 shares of the software giant’s stock valued at $472,000 after acquiring an additional 473 shares in the last quarter. Smith Group Asset Management LLC boosted its stake in shares of Microsoft by 3.7% in the 1st quarter. Smith Group Asset Management LLC now owns 146,131 shares of the software giant’s stock valued at $54,856,000 after buying an additional 5,169 shares during the period. Finally, Elevate Capital Advisors LLC boosted its stake in shares of Microsoft by 20.9% in the 1st quarter. Elevate Capital Advisors LLC now owns 12,288 shares of the software giant’s stock valued at $4,613,000 after buying an additional 2,123 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on MSFT. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research note on Thursday, May 1st. Wells Fargo & Company reiterated an “overweight” rating and issued a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Citigroup lifted their price objective on Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a research note on Tuesday, July 22nd. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Morgan Stanley lifted their price objective on Microsoft from $530.00 to $582.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $609.86.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $520.17 on Friday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The stock has a 50 day moving average of $502.60 and a two-hundred day moving average of $441.02. The stock has a market cap of $3.87 trillion, a P/E ratio of 38.14, a P/E/G ratio of 2.29 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The company had revenue of $76.44 billion during the quarter, compared to analysts’ expectations of $73.79 billion. During the same quarter in the previous year, the business earned $2.95 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. On average, research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft’s payout ratio is presently 24.34%.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,350 shares of company stock valued at $21,493,447. Company insiders own 0.03% of the company’s stock.

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.