3,455 Shares in Microsoft Co. (NASDAQ:MSFT) Purchased by Muirfield Wealth Advisors LLC

Muirfield Wealth Advisors LLC acquired a new position in Microsoft Co. (NASDAQ:MSFT) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 3,455 shares of the software giant’s stock, valued at approximately $1,299,000. Microsoft comprises about 1.4% of Muirfield Wealth Advisors LLC’s holdings, making the stock its 17th largest holding.

Several other institutional investors also recently bought and sold shares of MSFT. Morris Financial Concepts Inc. grew its stake in shares of Microsoft by 0.9% in the fourth quarter. Morris Financial Concepts Inc. now owns 2,663 shares of the software giant’s stock worth $1,001,000 after acquiring an additional 25 shares in the last quarter. Innova Wealth Partners grew its stake in shares of Microsoft by 0.6% in the fourth quarter. Innova Wealth Partners now owns 4,239 shares of the software giant’s stock worth $1,594,000 after acquiring an additional 25 shares in the last quarter. Arkansas Financial Group Inc. grew its stake in shares of Microsoft by 1.5% in the fourth quarter. Arkansas Financial Group Inc. now owns 1,719 shares of the software giant’s stock worth $646,000 after acquiring an additional 25 shares in the last quarter. Sicart Associates LLC grew its stake in shares of Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after acquiring an additional 26 shares in the last quarter. Finally, Capital Wealth Management LLC grew its stake in shares of Microsoft by 1.7% in the fourth quarter. Capital Wealth Management LLC now owns 1,592 shares of the software giant’s stock worth $599,000 after acquiring an additional 26 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Trading Up 1.3 %

NASDAQ MSFT opened at $448.37 on Tuesday. The stock has a market capitalization of $3.33 trillion, a P/E ratio of 38.82, a P/E/G ratio of 2.34 and a beta of 0.89. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $450.94. The firm has a 50-day moving average price of $418.19 and a 200 day moving average price of $405.31. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same period in the prior year, the company posted $2.45 earnings per share. Equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Insider Buying and Selling

In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The disclosure for this sale can be found here. Insiders sold 25,566 shares of company stock valued at $10,877,535 over the last ninety days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on MSFT. DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research note on Friday, May 24th. The Goldman Sachs Group boosted their target price on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research note on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and set a $465.00 target price (up previously from $455.00) on shares of Microsoft in a research note on Friday, April 26th. Finally, Truist Financial reiterated a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday. Three equities research analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $465.83.

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.