Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Veridan Wealth LLC

Veridan Wealth LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,489 shares of the software giant’s stock after buying an additional 70 shares during the period. Veridan Wealth LLC’s holdings in Microsoft were worth $1,310,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Newton One Investments LLC boosted its stake in Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares in the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the 4th quarter worth $31,000. LSV Asset Management acquired a new stake in shares of Microsoft in the fourth quarter valued at $44,000. IFS Advisors LLC boosted its stake in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after buying an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft during the fourth quarter worth about $62,000. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 135,743 shares of company stock worth $60,224,683 in the last 90 days. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

MSFT stock opened at $513.24 on Thursday. The firm has a 50 day moving average of $486.89 and a two-hundred day moving average of $433.33. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $518.29. The company has a market capitalization of $3.81 trillion, a price-to-earnings ratio of 39.66, a P/E/G ratio of 2.33 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analysts’ expectations of $73.79 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same period in the prior year, the company posted $2.95 earnings per share. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s dividend payout ratio is 25.66%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on MSFT shares. DA Davidson upped their price target on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Royal Bank Of Canada reissued an “outperform” rating and set a $525.00 target price on shares of Microsoft in a research note on Friday, May 23rd. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Piper Sandler upped their price target on Microsoft from $475.00 to $600.00 and gave the company an “overweight” rating in a report on Thursday, July 10th. Finally, Wall Street Zen lowered Microsoft from a “buy” rating to a “hold” rating in a research note on Monday, June 30th. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $555.86.

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.