Microsoft Co. (NASDAQ:MSFT) is Allen Mooney & Barnes Investment Advisors LLC’s 2nd Largest Position

Allen Mooney & Barnes Investment Advisors LLC boosted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 56,589 shares of the software giant’s stock after acquiring an additional 1,602 shares during the quarter. Microsoft accounts for 4.0% of Allen Mooney & Barnes Investment Advisors LLC’s holdings, making the stock its 2nd largest position. Allen Mooney & Barnes Investment Advisors LLC’s holdings in Microsoft were worth $21,280,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Sicart Associates LLC increased its stake in shares of Microsoft by 2.9% in the fourth quarter. Sicart Associates LLC now owns 926 shares of the software giant’s stock worth $348,000 after acquiring an additional 26 shares during the last quarter. Mayfair Advisory Group LLC increased its stake in shares of Microsoft by 0.7% in the fourth quarter. Mayfair Advisory Group LLC now owns 3,866 shares of the software giant’s stock worth $1,434,000 after acquiring an additional 27 shares during the last quarter. High Pines Wealth Management LLC increased its stake in shares of Microsoft by 1.3% in the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the last quarter. Sonen Capital LLC increased its stake in shares of Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after acquiring an additional 28 shares during the last quarter. Finally, Perritt Capital Management Inc. increased its stake in shares of Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after acquiring an additional 30 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several analyst reports. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research report on Monday, March 25th. Wells Fargo & Company increased their target price on shares of Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday. Jefferies Financial Group increased their target price on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. Barclays increased their target price on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada increased their target price on shares of Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 31st. Four research analysts have rated the stock with a hold rating and thirty-five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $432.13.

Insider Activity at Microsoft

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at approximately $22,770,926.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. 0.03% of the stock is owned by corporate insiders.

Microsoft Trading Down 1.3 %

Shares of NASDAQ MSFT opened at $399.12 on Friday. The company’s fifty day moving average is $414.86 and its 200-day moving average is $384.83. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 36.09, a P/E/G ratio of 2.20 and a beta of 0.89. Microsoft Co. has a twelve month low of $275.37 and a twelve month high of $430.82. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business’s quarterly revenue was up 17.6% compared to the same quarter last year. During the same period last year, the firm posted $2.32 earnings per share. Equities research analysts predict that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 annualized dividend and a yield of 0.75%. Microsoft’s dividend payout ratio is currently 27.12%.

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.