McNamara Financial Services Inc. Has $235,000 Position in Microsoft Co. (NASDAQ:MSFT)

McNamara Financial Services Inc. lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 13.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 559 shares of the software giant’s stock after selling 84 shares during the period. McNamara Financial Services Inc.’s holdings in Microsoft were worth $235,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in MSFT. Friedenthal Financial bought a new stake in Microsoft in the fourth quarter valued at about $45,000. Neo Ivy Capital Management bought a new stake in Microsoft in the fourth quarter valued at about $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 acquiring an additional 36 shares during the period. Cooksen Wealth LLC bought a new stake in Microsoft in the fourth quarter valued at about $86,000. Finally, Kathleen S. Wright Associates Inc. increased its stake in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after acquiring an additional 143 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on MSFT. KeyCorp began coverage on shares of Microsoft in a research note on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. Wedbush reaffirmed an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research note on Wednesday, May 22nd. Macquarie upped their price objective on shares of Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Jefferies Financial Group upped their price objective on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research note on Monday, April 1st. Finally, The Goldman Sachs Group upped their price objective 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. Three analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CMO Takeshi Numoto sold 244 shares of the stock in a transaction 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 completion of the sale, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed 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 approximately $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 quarter. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Up 0.6 %

MSFT opened at $459.28 on Wednesday. The firm’s fifty day moving average is $425.22 and its two-hundred day moving average is $410.79. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a market cap of $3.41 trillion, a PE ratio of 39.76, a price-to-earnings-growth ratio of 2.36 and a beta of 0.89. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $459.59.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s dividend payout ratio is 25.97%.

Microsoft 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.