Microsoft Co. (NASDAQ:MSFT) Stake Decreased by Glassman Wealth Services

Glassman Wealth Services decreased its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 54,128 shares of the software giant’s stock after selling 88 shares during the quarter. Microsoft comprises approximately 2.9% of Glassman Wealth Services’ portfolio, making the stock its 10th biggest holding. Glassman Wealth Services’ holdings in Microsoft were worth $20,354,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Oak Ridge Investments LLC increased its stake in Microsoft by 3.1% in the 3rd quarter. Oak Ridge Investments LLC now owns 222,672 shares of the software giant’s stock valued at $70,309,000 after purchasing an additional 6,745 shares in the last quarter. Peoples Bank KS acquired a new stake in Microsoft in the third quarter valued at $6,291,000. Equita Financial Network Inc. purchased a new position in shares of Microsoft in the third quarter valued at $650,000. Bell Bank raised its stake in shares of Microsoft by 3.6% during the 3rd quarter. Bell Bank now owns 27,961 shares of the software giant’s stock worth $8,829,000 after buying an additional 976 shares during the last quarter. Finally, True Link Financial Advisors LLC boosted its position in shares of Microsoft by 6.8% in the 3rd quarter. True Link Financial Advisors LLC now owns 1,367 shares of the software giant’s stock worth $432,000 after buying an additional 87 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Stock Performance

Microsoft stock opened at $423.85 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The firm’s fifty day moving average price is $416.20 and its 200 day moving average price is $402.39. The company has a market capitalization of $3.15 trillion, a price-to-earnings ratio of 36.70, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $433.60.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same period in the previous year, the company earned $2.45 earnings per share. The company’s revenue for the quarter was up 17.0% compared to the same quarter last year. On average, research analysts forecast that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Wednesday, May 15th. Microsoft’s payout ratio is currently 25.97%.

Insider Buying and Selling

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares in the company, valued at $44,674,690.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. Over the last quarter, insiders sold 47,521 shares of company stock worth $19,746,476. Insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

MSFT has been the topic of several research reports. Raymond James reiterated an “outperform” rating and issued a $480.00 price target (up from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Jefferies Financial Group raised their price target on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a research report on Monday, April 1st. DA Davidson restated a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. Citigroup dropped their price objective on Microsoft from $480.00 to $475.00 and set a “buy” rating for the company in a research report on Thursday, April 18th. Finally, UBS Group restated a “buy” rating and issued a $480.00 target price on shares of Microsoft in a report on Wednesday, April 10th. Three research analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus price target of $460.56.

View Our Latest Research Report on Microsoft

Microsoft Profile

(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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