Microsoft Co. (NASDAQ:MSFT) is Perkins Coie Trust Co’s 3rd Largest Position

Perkins Coie Trust Co lifted its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 68,352 shares of the software giant’s stock after buying an additional 636 shares during the quarter. Microsoft comprises 6.7% of Perkins Coie Trust Co’s portfolio, making the stock its 3rd largest position. Perkins Coie Trust Co’s holdings in Microsoft were worth $28,756,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently bought and sold shares of MSFT. Financial Synergies Wealth Advisors Inc. boosted its holdings in shares of Microsoft by 145.1% during the 1st quarter. Financial Synergies Wealth Advisors Inc. now owns 2,601 shares of the software giant’s stock valued at $1,094,000 after buying an additional 1,540 shares in the last quarter. Global Assets Advisory LLC bought a new stake in Microsoft during the first quarter worth about $989,814,000. Southland Equity Partners LLC grew its holdings in Microsoft by 8.3% in the first quarter. Southland Equity Partners LLC now owns 8,968 shares of the software giant’s stock worth $3,773,000 after purchasing an additional 689 shares during the period. Range Financial Group LLC increased its stake in shares of Microsoft by 8.3% during the first quarter. Range Financial Group LLC now owns 3,371 shares of the software giant’s stock valued at $1,418,000 after purchasing an additional 257 shares in the last quarter. Finally, Peak Financial Advisors LLC lifted its holdings in shares of Microsoft by 24.4% during the first quarter. Peak Financial Advisors LLC now owns 8,101 shares of the software giant’s stock valued at $3,408,000 after purchasing an additional 1,587 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 1.3 %

NASDAQ MSFT opened at $446.95 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. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $456.17. The stock’s 50 day moving average is $424.11 and its 200 day moving average is $409.90. The stock has a market cap of $3.32 trillion, a PE ratio of 38.70, a P/E/G ratio of 2.39 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the previous year, the firm posted $2.45 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. Research analysts predict that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft’s dividend payout ratio is currently 25.97%.

Analysts Set New Price Targets

A number of research firms recently weighed in on MSFT. Raymond James reaffirmed an “outperform” rating and set a $480.00 price objective (up previously from $450.00) on shares of Microsoft in a research report on Friday, April 26th. Wells Fargo & Company increased their price objective on shares of Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research report on Friday, April 26th. Tigress Financial lifted their target price on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a report on Thursday, June 13th. Evercore ISI increased their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Finally, Stifel Nicolaus restated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. Three 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $467.12.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft stock in a transaction on Thursday, May 23rd. The shares were 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 directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In related news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated Thursday, May 23rd. The shares were 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 approximately $44,674,690.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 322 shares of the business’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total value of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at $19,686,433. The disclosure for this sale can be found here. Over 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 corporate 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.