Signal Advisors Wealth LLC Boosts Stock Position in Microsoft Co. (NASDAQ:MSFT)

Signal Advisors Wealth LLC lifted its position in Microsoft Co. (NASDAQ:MSFT) by 50.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 12,732 shares of the software giant’s stock after buying an additional 4,243 shares during the quarter. Microsoft makes up 1.3% of Signal Advisors Wealth LLC’s investment portfolio, making the stock its 15th largest holding. Signal Advisors Wealth LLC’s holdings in Microsoft were worth $5,357,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Financial Security Advisor Inc. raised its holdings in shares of Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after buying an additional 452 shares during the period. Gunderson Capital Management Inc. raised its holdings in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after buying an additional 185 shares during the period. Rappaport Reiches Capital Management LLC raised its holdings in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after buying an additional 1,067 shares during the period. Bayesian Capital Management LP raised its holdings in shares of Microsoft by 60.1% in the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after buying an additional 18,200 shares during the period. Finally, RNC Capital Management LLC raised its holdings in shares of Microsoft by 10.4% in the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after buying an additional 6,484 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Stock Up 0.9 %

Shares of NASDAQ MSFT opened at $449.78 on Friday. The stock has a market cap of $3.34 trillion, a PE ratio of 38.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 52-week low of $309.45 and a 52-week high of $450.94. The business has a 50-day moving average price of $419.96 and a 200 day moving average price of $407.17.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the prior year, the firm earned $2.45 EPS. The business’s revenue was up 17.0% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

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

Wall Street Analysts Forecast Growth

MSFT has been the topic of several recent research reports. BMO Capital Markets upped their price target on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Raymond James restated an “outperform” rating and set a $480.00 price target (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. UBS Group restated a “buy” rating and set a $480.00 price target on shares of Microsoft in a report on Wednesday, April 10th. JPMorgan Chase & Co. upped their price target on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Oppenheimer upped their price target on Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Three analysts have rated the stock with a hold rating and thirty-three have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Insiders Place Their Bets

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the 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 completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the 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 completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the 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 sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is owned by company insiders.

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.