Legacy Financial Strategies LLC Acquires 631 Shares of Microsoft Co. (NASDAQ:MSFT)

Legacy Financial Strategies LLC increased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 8.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,776 shares of the software giant’s stock after purchasing an additional 631 shares during the quarter. Microsoft accounts for 0.8% of Legacy Financial Strategies LLC’s portfolio, making the stock its 18th biggest holding. Legacy Financial Strategies LLC’s holdings in Microsoft were worth $3,272,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KMG Fiduciary Partners LLC lifted its holdings in Microsoft by 1.9% in the first quarter. KMG Fiduciary Partners LLC now owns 115,829 shares of the software giant’s stock valued at $48,731,000 after acquiring an additional 2,119 shares during the period. Grandview Asset Management LLC raised its stake in shares of Microsoft by 0.8% in the first quarter. Grandview Asset Management LLC now owns 39,246 shares of the software giant’s stock worth $16,512,000 after buying an additional 312 shares during the period. Grassi Investment Management raised its stake in shares of Microsoft by 0.9% in the first quarter. Grassi Investment Management now owns 162,755 shares of the software giant’s stock worth $68,474,000 after buying an additional 1,416 shares during the period. Bank of New Hampshire raised its stake in shares of Microsoft by 15.5% in the first quarter. Bank of New Hampshire now owns 36,567 shares of the software giant’s stock worth $15,384,000 after buying an additional 4,913 shares during the period. Finally, Wedmont Private Capital raised its stake in shares of Microsoft by 5.1% in the first quarter. Wedmont Private Capital now owns 80,247 shares of the software giant’s stock worth $34,208,000 after buying an additional 3,902 shares during the period. 71.13% of the stock is owned by institutional investors.

Insider Activity at Microsoft

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

Analyst Ratings Changes

Several research analysts have recently commented on the company. Stifel Nicolaus reaffirmed a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a research note on Monday, April 22nd. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price objective on shares of Microsoft in a research note on Wednesday, May 22nd. Sanford C. Bernstein lifted their target price on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Jefferies Financial Group lifted their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Finally, Wells Fargo & Company lifted their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $467.12.

Microsoft Price Performance

Shares of Microsoft stock opened at $449.78 on Monday. The stock has a 50 day moving average price of $419.96 and a 200-day moving average price of $407.44. Microsoft Co. has a one year low of $309.45 and a one year high of $450.94. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The stock has a market cap of $3.34 trillion, a price-to-earnings ratio of 38.94, a price-to-earnings-growth ratio of 2.35 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data 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 company had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the business earned $2.45 EPS. Microsoft’s revenue was up 17.0% compared to the same quarter last year. Equities analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

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

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.