Microsoft Corporation (NASDAQ:MSFT) Position Raised by Pinnacle Financial Partners Inc

Pinnacle Financial Partners Inc boosted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.3% during the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 567,924 shares of the software giant’s stock after purchasing an additional 1,915 shares during the quarter. Microsoft comprises 4.5% of Pinnacle Financial Partners Inc’s portfolio, making the stock its largest position. Pinnacle Financial Partners Inc’s holdings in Microsoft were worth $223,000,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Brady Martz Wealth Solutions LLC raised its position in Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after acquiring an additional 95 shares during the period. Mcdaniel Terry & Co. raised its position in Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after acquiring an additional 18,052 shares during the period. Strategic Financial Services Inc. raised its position in Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after acquiring an additional 1,268 shares during the period. Elevate Wealth Advisory Inc. raised its position in Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after acquiring an additional 1,043 shares during the period. Finally, Intellus Advisors LLC bought a new position in Microsoft in the fourth quarter worth approximately $16,075,000. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Citigroup increased their price target on shares of Microsoft from $605.00 to $613.00 and gave the stock a “buy” rating in a research report on Tuesday, July 22nd. Wells Fargo & Company reissued an “overweight” rating and issued a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Piper Sandler increased their price objective on shares of Microsoft from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Finally, 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, July 25th. 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, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Price Performance

MSFT stock opened at $520.17 on Friday. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a fifty day simple moving average of $502.60 and a two-hundred day simple moving average of $441.01. The firm has a market capitalization of $3.87 trillion, a P/E ratio of 38.14, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 EPS for the quarter, beating 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 business had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. During the same quarter last year, the business earned $2.95 earnings per share. Microsoft’s quarterly revenue was up 18.1% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.6%. Microsoft’s dividend payout ratio (DPR) is 24.34%.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders sold 46,350 shares of company stock worth $21,493,447 over the last 90 days. 0.03% of the stock is owned by insiders.

About Microsoft

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.