Insight Wealth Partners LLC Boosts Position in Microsoft Co. (NASDAQ:MSFT)

Insight Wealth Partners LLC raised its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 10.8% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 1,267 shares of the software giant’s stock after purchasing an additional 124 shares during the period. Insight Wealth Partners LLC’s holdings in Microsoft were worth $400,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of MSFT. Monumental Financial Group Inc. purchased a new position in Microsoft during the first quarter worth about $28,000. Atlantic Private Wealth LLC grew its stake in shares of Microsoft by 534.5% in the second quarter. Atlantic Private Wealth LLC now owns 184 shares of the software giant’s stock valued at $63,000 after buying an additional 155 shares in the last quarter. Hibernia Wealth Partners LLC acquired a new stake in shares of Microsoft in the third quarter valued at about $69,000. Iron Horse Wealth Management LLC grew its stake in shares of Microsoft by 89.0% in the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after buying an additional 105 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in Microsoft during the 4th quarter valued at approximately $83,000. Institutional investors and hedge funds own 69.20% of the company’s stock.

Insiders Place Their Bets

In related news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, insider Bradford L. Smith sold 3,303 shares of the firm’s stock in a transaction 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 legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Bradford L. Smith sold 45,000 shares of the stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at $236,414,839.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,984 shares of company stock worth $28,978,803. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $405.49 on Wednesday. Microsoft Co. has a fifty-two week low of $245.61 and a fifty-two week high of $415.32. The business has a 50-day moving average of $383.06 and a two-hundred day moving average of $352.79. The stock has a market capitalization of $3.01 trillion, a P/E ratio of 36.66, a P/E/G ratio of 2.19 and a beta of 0.90. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20.

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

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 14th. Shareholders of record on Thursday, February 15th will be given a $0.75 dividend. The ex-dividend date of this dividend 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 is currently 27.12%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Rosenblatt Securities raised their price objective on Microsoft from $370.00 to $375.00 and gave the company a “buy” rating in a research note on Thursday, October 26th. DA Davidson reissued a “buy” rating and issued a $415.00 price target on shares of Microsoft in a report on Monday, October 16th. BMO Capital Markets raised their price target on Microsoft from $420.00 to $455.00 and gave the stock an “outperform” rating in a report on Wednesday, January 31st. The Goldman Sachs Group lifted their target price on Microsoft from $400.00 to $450.00 and gave the company a “buy” rating in a research note on Wednesday, October 25th. Finally, Argus boosted their price objective on Microsoft from $390.00 to $430.00 and gave the stock a “buy” rating in a research note on Tuesday, December 5th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $411.06.

Read Our Latest Report on MSFT

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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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