Microsoft Co. (NASDAQ:MSFT) is RPg Family Wealth Advisory LLC’s 3rd Largest Position

RPg Family Wealth Advisory LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 4.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,950 shares of the software giant’s stock after acquiring an additional 794 shares during the period. Microsoft accounts for about 2.8% of RPg Family Wealth Advisory LLC’s investment portfolio, making the stock its 3rd largest holding. RPg Family Wealth Advisory LLC’s holdings in Microsoft were worth $7,502,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. LMG Wealth Partners LLC increased its stake in shares of Microsoft by 21.8% during the fourth quarter. LMG Wealth Partners LLC now owns 32,100 shares of the software giant’s stock valued at $12,071,000 after purchasing an additional 5,736 shares in the last quarter. Coastline Trust Co grew its stake in shares of Microsoft by 5.1% in the fourth quarter. Coastline Trust Co now owns 104,950 shares of the software giant’s stock worth $39,465,000 after acquiring an additional 5,106 shares during the last quarter. Benchmark Financial Wealth Advisors LLC raised its position in shares of Microsoft by 0.8% in the 4th quarter. Benchmark Financial Wealth Advisors LLC now owns 10,520 shares of the software giant’s stock worth $3,956,000 after purchasing an additional 87 shares during the last quarter. Buck Wealth Strategies LLC boosted its stake in Microsoft by 1.9% in the 4th quarter. Buck Wealth Strategies LLC now owns 18,673 shares of the software giant’s stock worth $7,022,000 after purchasing an additional 342 shares in the last quarter. Finally, Regent Peak Wealth Advisors LLC increased its stake in Microsoft by 1.9% during the 4th quarter. Regent Peak Wealth Advisors LLC now owns 31,364 shares of the software giant’s stock valued at $11,794,000 after purchasing an additional 580 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on 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 completion of the sale, the insider now owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

MSFT has been the subject of a number of recent analyst reports. Truist Financial restated a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a report on Monday, March 25th. Piper Sandler reiterated an “overweight” rating and issued a $455.00 price target on shares of Microsoft in a research note on Thursday, January 25th. Raymond James raised their price target on Microsoft from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Morgan Stanley increased their price objective on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research note on Thursday, April 11th. Finally, BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target on the stock in a research note on Thursday, January 18th. Four analysts have rated the stock with a hold rating and thirty-five have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $434.05.

Microsoft Trading Up 0.5 %

MSFT stock opened at $400.96 on Tuesday. The firm’s fifty day simple moving average is $414.57 and its two-hundred day simple moving average is $386.37. The stock has a market capitalization of $2.98 trillion, a price-to-earnings ratio of 36.25, a price-to-earnings-growth ratio of 2.16 and a beta of 0.89. 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 Co. has a twelve month low of $275.37 and a twelve month high of $430.82.

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

Microsoft Dividend Announcement

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

Microsoft 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.