Gray Wealth Management Inc. Purchases 281 Shares of Microsoft Co. (NASDAQ:MSFT)

Gray Wealth Management Inc. raised its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.8% in the third quarter, Holdings Channel.com reports. The institutional investor owned 15,611 shares of the software giant’s stock after buying an additional 281 shares during the period. Microsoft comprises 2.5% of Gray Wealth Management Inc.’s holdings, making the stock its 10th largest position. Gray Wealth Management Inc.’s holdings in Microsoft were worth $4,929,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of MSFT. Monumental Financial Group Inc. purchased a new stake in shares of Microsoft in the first quarter worth approximately $28,000. Atlantic Private Wealth LLC raised its position in Microsoft by 534.5% during the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after acquiring an additional 155 shares in the last quarter. Hibernia Wealth Partners LLC bought a new position in Microsoft during the third quarter valued at approximately $69,000. Iron Horse Wealth Management LLC grew its holdings in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares during the last quarter. Finally, MayTech Global Investments LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $83,000. 69.20% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at approximately $236,414,839.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares of the company’s stock, valued at $236,414,839.62. The disclosure for this sale can be found here. Insiders sold a total of 72,984 shares of company stock valued at $28,978,803 in the last ninety days. 0.03% of the stock is owned by insiders.

Microsoft Stock Performance

Microsoft stock opened at $405.49 on Wednesday. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 1 year low of $245.61 and a 1 year high of $415.32. The company has a market cap of $3.01 trillion, a PE ratio of 36.66, a PEG ratio of 2.19 and a beta of 0.90. The company’s 50-day moving average is $383.06 and its two-hundred day moving average is $352.79.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company had revenue of $62.02 billion for the quarter, compared to the consensus estimate of $61.14 billion. During the same period in the prior year, the company posted $2.32 EPS. The company’s revenue was up 17.6% compared to the same quarter last year. Equities analysts anticipate that Microsoft Co. will post 11.6 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, March 14th. Stockholders of record on Thursday, February 15th will be paid a $0.75 dividend. The ex-dividend date is Wednesday, February 14th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Analyst Ratings Changes

Several equities analysts have commented on the company. Raymond James increased their price target on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Tigress Financial increased their price target on Microsoft from $433.00 to $475.00 and gave the company a “buy” rating in a report on Wednesday, November 29th. Barclays increased their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. Mizuho increased their price target on Microsoft from $420.00 to $450.00 and gave the company a “buy” rating in a report on Friday, December 15th. Finally, Citigroup raised their price objective on shares of Microsoft from $430.00 to $432.00 and gave the stock a “buy” rating in a research note on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $411.06.

Get Our Latest Analysis on Microsoft

About Microsoft

(Free Report)

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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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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