Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Detalus Advisors LLC

Detalus Advisors LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 27.8% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,699 shares of the software giant’s stock after purchasing an additional 2,109 shares during the period. Microsoft makes up approximately 1.1% of Detalus Advisors LLC’s investment portfolio, making the stock its 18th largest holding. Detalus Advisors LLC’s holdings in Microsoft were worth $3,641,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of MSFT. Fosun International Ltd increased its stake in Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Retirement Financial Solutions LLC increased its stake in Microsoft by 2.3% in the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after purchasing an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel increased its stake in Microsoft by 0.8% in the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Alliance Wealth Management Group increased its stake in Microsoft by 0.4% in the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after purchasing an additional 25 shares in the last quarter. Finally, Guidance Point Advisors LLC increased its stake in Microsoft by 0.6% in the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant’s stock worth $1,811,000 after purchasing an additional 25 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on MSFT. Bank of America lifted their price target on Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Barclays lifted their price target on Microsoft from $550.00 to $625.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Wall Street Zen upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. Wells Fargo & Company restated an “overweight” rating and set a $650.00 price objective (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, The Goldman Sachs Group raised their price objective on Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a research report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $609.86.

Microsoft Stock Performance

Shares of Microsoft stock opened at $520.17 on Friday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The firm has a market capitalization of $3.87 trillion, a price-to-earnings ratio of 38.14, a PEG ratio of 2.28 and a beta of 1.06. The business has a 50-day simple moving average of $502.60 and a 200 day simple moving average of $441.01. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

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

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a $0.83 dividend. 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 is presently 24.34%.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction on 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 sale, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,350 shares of company stock worth $21,493,447. Insiders own 0.03% of the company’s stock.

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.