Abacus Wealth Partners LLC Has $3.77 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Abacus Wealth Partners LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,951 shares of the software giant’s stock after selling 90 shares during the period. Microsoft accounts for approximately 0.6% of Abacus Wealth Partners LLC’s investment portfolio, making the stock its 16th biggest position. Abacus Wealth Partners LLC’s holdings in Microsoft were worth $3,766,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in MSFT. Fortis Capital Management LLC increased its holdings in Microsoft by 0.4% during the third quarter. Fortis Capital Management LLC now owns 290,381 shares of the software giant’s stock worth $91,688,000 after buying an additional 1,259 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Microsoft by 0.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 3,358,937 shares of the software giant’s stock worth $1,060,584,000 after buying an additional 19,031 shares during the last quarter. STF Management LP increased its holdings in Microsoft by 56.5% during the third quarter. STF Management LP now owns 56,807 shares of the software giant’s stock worth $17,937,000 after buying an additional 20,515 shares during the last quarter. Corient Private Wealth LLC increased its holdings in shares of Microsoft by 0.8% in the third quarter. Corient Private Wealth LLC now owns 5,862,884 shares of the software giant’s stock valued at $1,851,213,000 after purchasing an additional 47,183 shares during the last quarter. Finally, Virginia Wealth Management Group Inc. increased its holdings in shares of Microsoft by 1.5% in the third quarter. Virginia Wealth Management Group Inc. now owns 19,346 shares of the software giant’s stock valued at $6,108,000 after purchasing an additional 285 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other 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 value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 0.9 %

Shares of NASDAQ MSFT opened at $449.78 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.34 trillion, a price-to-earnings ratio of 38.94, a PEG ratio of 2.35 and a beta of 0.89. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $450.94. The stock has a 50-day moving average price of $419.96 and a two-hundred day moving average price of $407.17.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 earnings per share. As a group, analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Wall Street Analysts Forecast Growth

MSFT has been the topic of several research reports. The Goldman Sachs Group upped their price objective on shares of Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Piper Sandler reiterated an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. UBS Group reiterated a “buy” rating and issued a $480.00 price objective on shares of Microsoft in a report on Wednesday, April 10th. Royal Bank of Canada reiterated an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a report on Friday, May 24th. Finally, Tigress Financial upped their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a report on Thursday, June 13th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $467.12.

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.