Lbmc Investment Advisors LLC Has $5.40 Million Stake in Microsoft Co. (NASDAQ:MSFT)

Lbmc Investment Advisors LLC raised its position in Microsoft Co. (NASDAQ:MSFT) by 4.8% during the first quarter, according to its most recent filing with the SEC. The firm owned 12,829 shares of the software giant’s stock after purchasing an additional 584 shares during the period. Microsoft accounts for approximately 0.5% of Lbmc Investment Advisors LLC’s portfolio, making the stock its 27th largest position. Lbmc Investment Advisors LLC’s holdings in Microsoft were worth $5,398,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Friedenthal Financial acquired a new position in shares of Microsoft during the 4th quarter valued at $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter valued at $58,000. PayPay Securities Corp raised its holdings in Microsoft by 23.7% during the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the last quarter. Cooksen Wealth LLC acquired a new position in Microsoft during the fourth quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. raised its holdings in Microsoft by 160.7% during the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on MSFT shares. Raymond James restated an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a report on Friday, April 26th. Oppenheimer upped their price objective on shares of Microsoft from $450.00 to $500.00 and gave the stock an “outperform” rating in a report on Friday, June 7th. Wells Fargo & Company upped their price objective on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. DA Davidson restated a “buy” rating and set a $500.00 price objective on shares of Microsoft in a report on Friday, March 15th. Finally, JPMorgan Chase & Co. upped their target price on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. 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, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction that occurred on Thursday, May 23rd. The shares were 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 in the company, valued at $44,674,690.32. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CMO Takeshi Numoto sold 322 shares of Microsoft stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at $19,686,433. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 over the last three months. 0.03% of the stock is owned by insiders.

Microsoft Trading Down 1.3 %

Shares of Microsoft stock opened at $446.95 on Friday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $456.17. The company has a market cap of $3.32 trillion, a price-to-earnings ratio of 38.70, a PEG ratio of 2.39 and a beta of 0.89. 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’s 50-day moving average price is $424.11 and its 200-day moving average price is $409.66.

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

Microsoft Dividend Announcement

The business also recently announced 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 is Thursday, August 15th. This represents a $3.00 annualized dividend and a yield of 0.67%. Microsoft’s payout ratio is presently 25.97%.

About Microsoft

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.