Peak Financial Advisors LLC Has $3.41 Million Position in Microsoft Co. (NASDAQ:MSFT)

Peak Financial Advisors LLC grew its holdings in Microsoft Co. (NASDAQ:MSFT) by 24.4% during the first quarter, Holdings Channel reports. The firm owned 8,101 shares of the software giant’s stock after acquiring an additional 1,587 shares during the quarter. Microsoft comprises about 2.1% of Peak Financial Advisors LLC’s holdings, making the stock its 12th largest position. Peak Financial Advisors LLC’s holdings in Microsoft were worth $3,408,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Friedenthal Financial bought a new position in shares of Microsoft during the 4th quarter worth approximately $45,000. Neo Ivy Capital Management bought a new position in Microsoft during the fourth quarter worth $58,000. PayPay Securities Corp increased its stake in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares in the last quarter. Cooksen Wealth LLC acquired a new position in shares of Microsoft during the fourth quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. boosted its position in shares of Microsoft by 160.7% during the 4th quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after purchasing an additional 143 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In related news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, 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 three months. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Raymond James reaffirmed an “outperform” rating and set a $480.00 price target (up from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Wedbush reiterated an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a report on Wednesday, May 22nd. BMO Capital Markets boosted their price target on shares of Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research note on Friday, April 12th. Sanford C. Bernstein raised their price objective on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Finally, Citigroup boosted their target price on shares of Microsoft from $495.00 to $520.00 and gave the stock a “buy” rating in a research report on Friday, June 21st. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Microsoft Stock Down 1.3 %

MSFT stock opened at $446.95 on Friday. The stock has a fifty day moving average of $424.11 and a 200-day moving average of $409.90. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $456.17. The company has a market capitalization of $3.32 trillion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.39 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24.

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

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be given 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 dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

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.