Kiley Juergens Wealth Management LLC boosted its holdings in Microsoft Co. (NASDAQ:MSFT – Get Rating) by 2.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,367 shares of the software giant’s stock after acquiring an additional 2,295 shares during the quarter. Microsoft comprises about 11.5% of Kiley Juergens Wealth Management LLC’s investment portfolio, making the stock its biggest holding. Kiley Juergens Wealth Management LLC’s holdings in Microsoft were worth $27,427,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Iron Horse Wealth Management LLC purchased a new position in Microsoft during the 4th quarter valued at about $26,000. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the 1st quarter valued at approximately $28,000. Hanseatic Management Services Inc. grew its stake in shares of Microsoft by 71.4% in the 3rd quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares in the last quarter. Retirement Financial Solutions LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $40,000. Finally, PayPay Securities Corp acquired a new stake in Microsoft in the 4th quarter worth approximately $54,000. 69.15% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of brokerages have recently commented on MSFT. Jefferies Financial Group upped their price target on Microsoft from $325.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, April 26th. Rosenblatt Securities upped their target price on Microsoft from $275.00 to $310.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. The Goldman Sachs Group upped their target price on Microsoft from $325.00 to $335.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. TD Cowen upped their target price on Microsoft from $300.00 to $330.00 and gave the company an “outperform” rating in a research note on Wednesday, April 26th. Finally, Citigroup upped their price target on Microsoft from $332.00 to $340.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have assigned a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and an average target price of $323.28.
Microsoft Stock Down 0.1 %
Microsoft (NASDAQ:MSFT – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.23. The firm had revenue of $52.86 billion during the quarter, compared to the consensus estimate of $51.01 billion. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The business’s revenue was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $2.22 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 9.66 EPS for the current fiscal year.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 8th. Stockholders of record on Thursday, May 18th will be paid a dividend of $0.68 per share. The ex-dividend date of this dividend is Wednesday, May 17th. This represents a $2.72 annualized dividend and a dividend yield of 0.85%. Microsoft’s dividend payout ratio is currently 29.47%.
Insider Transactions at Microsoft
In other news, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction that occurred on Tuesday, February 28th. The stock was sold at an average price of $248.88, for a total transaction of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares in the company, valued at approximately $196,272,990. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Judson Althoff sold 30,000 shares of Microsoft stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the sale, the executive vice president now directly owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Satya Nadella sold 4,767 shares of Microsoft stock in a transaction on Tuesday, February 28th. The shares were sold at an average price of $248.88, for a total value of $1,186,410.96. Following the completion of the transaction, the chief executive officer now directly owns 788,625 shares of the company’s stock, valued at $196,272,990. The disclosure for this sale can be found here. In the last three months, insiders sold 54,848 shares of company stock worth $16,635,227. 0.03% of the stock is owned by company insiders.
Microsoft Company Profile
Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.
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