Resonant Capital Advisors LLC Purchases 580 Shares of Microsoft Corporation $MSFT

Resonant Capital Advisors LLC lifted its position in Microsoft Corporation (NASDAQ:MSFT) by 1.5% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,154 shares of the software giant’s stock after buying an additional 580 shares during the period. Microsoft comprises 1.0% of Resonant Capital Advisors LLC’s holdings, making the stock its 27th largest position. Resonant Capital Advisors LLC’s holdings in Microsoft were worth $14,323,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the business. WFA Asset Management Corp increased its position in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. boosted its stake in Microsoft by 0.3% in the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC increased its holdings in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant’s stock worth $1,144,000 after purchasing an additional 2,138 shares in the last quarter. Wealth Group Ltd. raised its stake in shares of Microsoft by 1.2% in the 4th quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant’s stock valued at $1,000,000 after purchasing an additional 28 shares during the period. Finally, Tallon Kerry Patrick acquired a new position in shares of Microsoft during the fourth quarter worth about $1,375,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Performance

Shares of Microsoft stock opened at $520.17 on Monday. The business has a 50-day moving average price of $502.60 and a two-hundred day moving average price of $441.19. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The company has a market cap of $3.87 trillion, a P/E ratio of 38.14, a PEG ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last released its 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. The business had revenue of $76.44 billion during the quarter, compared to analysts’ expectations of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm’s revenue was up 18.1% on a year-over-year basis. During the same quarter last year, the firm posted $2.95 earnings per share. As a group, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 4,850 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares in the company, valued at $20,624,012.52. This trade represents a 11.03% decrease in their position. The sale was disclosed in a 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 that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 30,350 shares of company stock worth $14,162,567. 0.03% of the stock is owned by insiders.

Analysts Set New Price Targets

MSFT has been the topic of a number of recent research reports. Oppenheimer lifted their target price on Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. TD Cowen raised their price target on shares of Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a research report on Saturday, August 2nd. TD Securities raised their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Finally, Mizuho increased their price objective on shares of Microsoft from $540.00 to $625.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and an average price target of $609.86.

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.