Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by Crumly & Associates Inc.

Crumly & Associates Inc. increased its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 12.6% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 5,224 shares of the software giant’s stock after purchasing an additional 585 shares during the period. Crumly & Associates Inc.’s holdings in Microsoft were worth $1,961,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Comprehensive Money Management Services LLC boosted its stake in Microsoft by 3.8% during the 1st quarter. Comprehensive Money Management Services LLC now owns 1,655 shares of the software giant’s stock worth $621,000 after purchasing an additional 60 shares during the last quarter. 1858 Wealth Management LLC lifted its stake in shares of Microsoft by 0.9% in the first quarter. 1858 Wealth Management LLC now owns 16,361 shares of the software giant’s stock worth $6,142,000 after buying an additional 151 shares in the last quarter. Kennedy Investment Group lifted its stake in shares of Microsoft by 6.5% in the first quarter. Kennedy Investment Group now owns 6,341 shares of the software giant’s stock worth $2,380,000 after buying an additional 388 shares in the last quarter. Madison Wealth Partners Inc boosted its position in Microsoft by 0.6% during the first quarter. Madison Wealth Partners Inc now owns 18,486 shares of the software giant’s stock worth $6,939,000 after acquiring an additional 102 shares during the last quarter. Finally, Veridan Wealth LLC grew its stake in Microsoft by 2.0% during the 1st quarter. Veridan Wealth LLC now owns 3,489 shares of the software giant’s stock valued at $1,310,000 after acquiring an additional 70 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

MSFT has been the topic of a number of research reports. UBS Group reissued a “buy” rating and issued a $650.00 target price (up from $600.00) on shares of Microsoft in a research note on Thursday. Westpark Capital reiterated a “hold” rating on shares of Microsoft in a research report on Thursday. Barclays upped their target price on Microsoft from $550.00 to $625.00 and gave the company an “overweight” rating in a report on Thursday. TD Cowen lifted their price target on Microsoft from $580.00 to $640.00 and gave the stock a “buy” rating in a report on Thursday. Finally, Bank of America boosted their price target on shares of Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday. Three research analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $609.86.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. The trade was a 14.03% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider directly owned 471,036 shares of the company’s stock, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 60,743 shares of company stock worth $27,520,933. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

MSFT stock opened at $533.50 on Friday. The business’s 50-day moving average is $488.46 and its two-hundred day moving average is $434.13. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm has a market capitalization of $3.97 trillion, a P/E ratio of 39.11, a P/E/G ratio of 2.33 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 33.49%. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same period in the prior year, the firm earned $2.95 earnings per share. The business’s quarterly revenue was up 18.1% compared to the same quarter last year. Analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is 24.34%.

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.