Financial Partners Group Inc boosted its position in Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 42,898 shares of the software giant’s stock after purchasing an additional 365 shares during the quarter. Microsoft comprises about 3.0% of Financial Partners Group Inc’s portfolio, making the stock its 10th biggest holding. Financial Partners Group Inc’s holdings in Microsoft were worth $21,338,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the company. Revisor Wealth Management LLC lifted its position in shares of Microsoft by 5.3% during the 2nd quarter. Revisor Wealth Management LLC now owns 19,538 shares of the software giant’s stock valued at $9,798,000 after acquiring an additional 980 shares during the period. Farrell Financial LLC lifted its position in shares of Microsoft by 1.4% during the 2nd quarter. Farrell Financial LLC now owns 8,581 shares of the software giant’s stock valued at $4,268,000 after acquiring an additional 115 shares during the period. Fortitude Family Office LLC lifted its position in shares of Microsoft by 13.0% during the 2nd quarter. Fortitude Family Office LLC now owns 7,008 shares of the software giant’s stock valued at $3,486,000 after acquiring an additional 808 shares during the period. Hofer & Associates. Inc lifted its position in shares of Microsoft by 3.0% during the 2nd quarter. Hofer & Associates. Inc now owns 4,286 shares of the software giant’s stock valued at $2,132,000 after acquiring an additional 124 shares during the period. Finally, Kure Advisory LLC lifted its position in shares of Microsoft by 6.5% during the 2nd quarter. Kure Advisory LLC now owns 1,802 shares of the software giant’s stock valued at $896,000 after acquiring an additional 110 shares during the period. 71.13% of the stock is currently owned by institutional investors.
Microsoft Stock Performance
Shares of Microsoft stock opened at $517.35 on Friday. The company has a market cap of $3.85 trillion, a PE ratio of 37.93, a price-to-earnings-growth ratio of 2.25 and a beta of 1.03. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. The business has a 50 day moving average price of $512.83 and a 200-day moving average price of $467.17. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12.
Microsoft Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 11th. Stockholders of record on Thursday, November 20th will be paid a $0.91 dividend. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. This is a boost from Microsoft’s previous quarterly dividend of $0.83. The ex-dividend date of this dividend is Thursday, November 20th. Microsoft’s dividend payout ratio (DPR) is currently 24.34%.
Analysts Set New Price Targets
A number of analysts have recently weighed in on MSFT shares. Evercore ISI upped their target price on Microsoft from $515.00 to $545.00 and gave the company an “outperform” rating in a research report on Friday, July 25th. Raymond James Financial upped their target price on Microsoft from $490.00 to $570.00 and gave the company an “outperform” rating in a research report on Monday, July 28th. Sanford C. Bernstein upped their target price on Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a research report on Thursday, July 31st. Melius Research boosted their price target on Microsoft from $595.00 to $625.00 in a report on Thursday, September 25th. Finally, Cantor Fitzgerald boosted their price target on Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a report on Thursday, July 31st. One analyst has rated the stock with a Strong Buy rating, thirty-one have issued a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Microsoft presently has a consensus rating of “Moderate Buy” and an average price target of $617.63.
Read Our Latest Report on MSFT
Insider Activity at Microsoft
In related news, EVP Takeshi Numoto sold 4,850 shares of the 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 completion of the sale, the executive vice president directly owned 39,111 shares of the company’s stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Satya Nadella sold 149,205 shares of the stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $504.78, for a total value of $75,315,699.90. Following the sale, the chief executive officer directly owned 790,852 shares of the company’s stock, valued at $399,206,272.56. The trade was a 15.87% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 0.03% of the company’s stock.
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.
Featured Articles
- Five stocks we like better than Microsoft
- 3 Stocks to Protect Your Portfolio from the Coronavirus Contagion
- Why the Precious Metal Nobody Talks About Could Be Your Best Bet
- How to trade using analyst ratings
- Cheap Chipotle? Why CMG Stock Could Be Ready for a Comeback
- Insider Trading – What You Need to Know
- 3 Industrial Stocks Ready to Benefit From Fed Cuts and Spending
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.