Root Financial Partners LLC bought a new position in Microsoft Co. (NASDAQ:MSFT – Free Report) during the first quarter, HoldingsChannel reports. The firm bought 1,175 shares of the software giant’s stock, valued at approximately $339,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Charles Schwab Investment Management Inc. lifted its position in Microsoft by 2.6% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 43,080,419 shares of the software giant’s stock valued at $12,382,922,000 after acquiring an additional 1,074,987 shares in the last quarter. TrueWealth Financial Partners purchased a new stake in shares of Microsoft in the first quarter worth approximately $418,000. MONECO Advisors LLC lifted its holdings in shares of Microsoft by 16.1% in the first quarter. MONECO Advisors LLC now owns 24,758 shares of the software giant’s stock valued at $7,138,000 after purchasing an additional 3,427 shares in the last quarter. Alapocas Investment Partners Inc. purchased a new stake in Microsoft in the 1st quarter valued at $97,000. Finally, Buckhead Capital Management LLC lifted its stake in Microsoft by 1.0% during the 1st quarter. Buckhead Capital Management LLC now owns 63,472 shares of the software giant’s stock valued at $18,299,000 after acquiring an additional 638 shares in the last quarter. Institutional investors own 69.20% of the company’s stock.
Microsoft Stock Performance
NASDAQ MSFT opened at $329.91 on Friday. Microsoft Co. has a fifty-two week low of $213.43 and a fifty-two week high of $366.78. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.75 and a current ratio of 1.77. The business’s 50 day moving average price is $332.58 and its 200-day moving average price is $309.64. The company has a market cap of $2.45 trillion, a P/E ratio of 34.05, a P/E/G ratio of 2.46 and a beta of 0.90.
Microsoft Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be paid a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a dividend yield of 0.82%. The ex-dividend date of this dividend is Wednesday, August 16th. Microsoft’s dividend payout ratio is currently 28.07%.
Insider Transactions at Microsoft
In related news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction dated Friday, September 1st. The shares were sold at an average price of $327.37, for a total transaction of $8,778,426.55. Following the completion of the sale, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, CEO Satya Nadella sold 38,234 shares of the firm’s stock in a transaction on Friday, September 1st. The stock was sold at an average price of $328.43, for a total transaction of $12,557,192.62. Following the transaction, the chief executive officer now directly owns 800,668 shares in the company, valued at approximately $262,963,391.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 26,815 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, the executive vice president now owns 198,373 shares in the company, valued at approximately $64,941,369.01. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 115,049 shares of company stock worth $38,195,619. Insiders own 0.03% of the company’s stock.
Wall Street Analyst Weigh In
MSFT has been the subject of a number of recent analyst reports. Guggenheim reaffirmed a “sell” rating and issued a $232.00 price objective on shares of Microsoft in a research report on Thursday, July 20th. TD Cowen increased their price target on Microsoft from $330.00 to $390.00 and gave the company an “outperform” rating in a research report on Wednesday, July 19th. Stifel Nicolaus upped their price objective on Microsoft from $320.00 to $380.00 and gave the company a “buy” rating in a research note on Thursday, July 20th. Bank of America increased their price objective on Microsoft from $340.00 to $405.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Finally, KeyCorp boosted their price objective on Microsoft from $340.00 to $400.00 in a research note on Tuesday, July 18th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and thirty-three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $373.68.
Check Out Our Latest Report on MSFT
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.
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