RMR Wealth Builders Purchases 2,193 Shares of Microsoft Co. (NASDAQ:MSFT)

RMR Wealth Builders increased its position in Microsoft Co. (NASDAQ:MSFT) by 4.9% during the first quarter, Holdings Channel reports. The firm owned 47,394 shares of the software giant’s stock after buying an additional 2,193 shares during the quarter. Microsoft makes up approximately 2.4% of RMR Wealth Builders’ portfolio, making the stock its 12th largest holding. RMR Wealth Builders’ holdings in Microsoft were worth $19,940,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. lifted its stake in Microsoft by 2.4% in the 4th quarter. Vanguard Group Inc. now owns 664,908,939 shares of the software giant’s stock valued at $250,032,357,000 after purchasing an additional 15,701,937 shares during the last quarter. FMR LLC lifted its stake in Microsoft by 2.7% in the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Norges Bank bought a new position in Microsoft in the 4th quarter valued at approximately $35,920,047,000. International Assets Investment Management LLC bought a new position in Microsoft in the 4th quarter valued at approximately $9,625,201,000. Finally, Jennison Associates LLC lifted its stake in Microsoft by 1.1% in the 4th quarter. Jennison Associates LLC now owns 25,505,600 shares of the software giant’s stock valued at $9,591,126,000 after purchasing an additional 277,881 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of the business’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 completion of the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CMO Takeshi Numoto sold 244 shares of the business’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 transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the business’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 a total of 25,566 shares of company stock valued at $10,877,535 over the last three months. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. KeyCorp assumed coverage on shares of Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. Oppenheimer raised their price target on shares of Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, June 7th. Macquarie raised their price target on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. DA Davidson reaffirmed a “buy” rating and set a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $455.00 price target on shares of Microsoft in a research note on Monday, April 22nd. Three investment analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Microsoft Trading Up 0.6 %

NASDAQ:MSFT opened at $459.28 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm has a 50-day moving average of $425.22 and a 200-day moving average of $410.79. The company has a market cap of $3.41 trillion, a PE ratio of 39.76, a PEG ratio of 2.36 and a beta of 0.89. Microsoft Co. has a one year low of $309.45 and a one year high of $459.59.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The company had revenue of $61.86 billion during the quarter, compared to the consensus estimate 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 previous year, the firm posted $2.45 earnings per share. As a group, equities research analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced 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 is Thursday, August 15th. Microsoft’s payout ratio is presently 25.97%.

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.