Riggs Asset Managment Co. Inc. Sells 5,491 Shares of Microsoft Corporation $MSFT

Riggs Asset Managment Co. Inc. cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 29.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,337 shares of the software giant’s stock after selling 5,491 shares during the period. Microsoft comprises 1.4% of Riggs Asset Managment Co. Inc.’s portfolio, making the stock its 25th biggest position. Riggs Asset Managment Co. Inc.’s holdings in Microsoft were worth $5,007,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Ball & Co Wealth Management Inc. bought a new position in shares of Microsoft in the 4th quarter worth $31,000. Newton One Investments LLC raised its position in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares in the last quarter. LSV Asset Management bought a new position in shares of Microsoft in the 4th quarter worth $44,000. Fairway Wealth LLC bought a new position in shares of Microsoft in the 4th quarter worth $62,000. Finally, IFS Advisors LLC raised its position in shares of Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares in the last quarter. 71.13% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the subject of several recent research reports. Royal Bank Of Canada boosted their price target on Microsoft from $525.00 to $640.00 and gave the stock an “outperform” rating in a research report on Thursday, July 31st. Citigroup boosted their target price on Microsoft from $605.00 to $613.00 and gave the stock a “buy” rating in a research note on Tuesday, July 22nd. Raymond James Financial boosted their target price on Microsoft from $490.00 to $570.00 and gave the stock an “outperform” rating in a research note on Monday, July 28th. UBS Group restated a “buy” rating and set a $650.00 target price (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 target price on the stock in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $612.54.

Insider Activity at Microsoft

In related 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 transaction of $2,557,502.00. Following the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders sold a total of 8,850 shares of company stock valued at $4,406,512 in the last quarter. 0.03% of the stock is owned by corporate insiders.

Microsoft Stock Down 0.3%

Shares of MSFT stock opened at $504.24 on Friday. The stock’s 50-day simple moving average is $505.43 and its 200-day simple moving average is $443.45. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $3.75 trillion, a PE ratio of 36.97, a P/E/G ratio of 2.21 and a beta of 1.06. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

Microsoft (NASDAQ:MSFT) last announced 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. The business had revenue of $76.44 billion for 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 was up 18.1% on a year-over-year basis. During the same period in the prior year, the company earned $2.95 earnings per share. Microsoft has set its Q1 2026 guidance at EPS. Equities analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed 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 0.7%. Microsoft’s dividend payout ratio is currently 24.34%.

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.