OMNI 360 Wealth Inc. lifted its stake in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,781 shares of the software giant’s stock after purchasing an additional 152 shares during the quarter. Microsoft comprises approximately 1.3% of OMNI 360 Wealth Inc.’s portfolio, making the stock its 19th biggest position. OMNI 360 Wealth Inc.’s holdings in Microsoft were worth $2,170,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of MSFT. Fosun International Ltd boosted 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 buying an additional 23 shares during the last quarter. Alliance Wealth Management Group boosted 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 buying an additional 25 shares during the last quarter. Guidance Point Advisors LLC boosted 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 buying an additional 25 shares during the last quarter. Hudson Edge Investment Partners Inc. boosted its stake in Microsoft by 5.1% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 533 shares of the software giant’s stock worth $225,000 after buying an additional 26 shares during the last quarter. Finally, Life Planning Partners Inc boosted its stake in Microsoft by 5.1% in the 4th quarter. Life Planning Partners Inc now owns 540 shares of the software giant’s stock worth $228,000 after buying an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.
Microsoft Stock Performance
Microsoft stock opened at $507.23 on Monday. The stock’s 50 day moving average price is $506.08 and its 200 day moving average price is $444.52. The firm has a market capitalization of $3.77 trillion, a PE ratio of 37.19, a price-to-earnings-growth ratio of 2.22 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45.
Microsoft Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be given 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 0.7%. Microsoft’s payout ratio is 24.34%.
Insider Transactions at Microsoft
In other Microsoft news, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction that occurred on 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 in the company, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In the last quarter, insiders sold 8,850 shares of company stock worth $4,406,512. 0.03% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities analysts have recently weighed in on MSFT shares. Wells Fargo & Company reaffirmed 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. Bank of America lifted their price objective on Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Benchmark reaffirmed a “buy” rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a research note on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $612.54.
Check Out Our Latest Research Report on Microsoft
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.
Read More
- Five stocks we like better than Microsoft
- What is the Nasdaq? Complete Overview with History
- Costco and Ross: 2 Ways to Play the Consumer Divide
- Stock Sentiment Analysis: How it Works
- Is Paramount Skydance a Buy Post-Merger, Short Squeeze?
- Comparing and Trading High PE Ratio Stocks
- V2X Stock: Defense Underdog Riding a $4.3B Air Force Contract
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.