Microsoft Co. (NASDAQ:MSFT) Holdings Boosted by Elite Wealth Management Inc.

Elite Wealth Management Inc. grew its position in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 325,486 shares of the software giant’s stock after purchasing an additional 6,260 shares during the quarter. Microsoft makes up about 19.1% of Elite Wealth Management Inc.’s holdings, making the stock its largest position. Elite Wealth Management Inc.’s holdings in Microsoft were worth $140,057,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in MSFT. First National Bank Sioux Falls raised its holdings in shares of Microsoft by 0.4% in the second quarter. First National Bank Sioux Falls now owns 6,340 shares of the software giant’s stock valued at $2,834,000 after purchasing an additional 24 shares during the last quarter. BCK Partners Inc. boosted its position in Microsoft by 1.8% during the third quarter. BCK Partners Inc. now owns 1,353 shares of the software giant’s stock worth $582,000 after purchasing an additional 24 shares during the period. Massachusetts Wealth Management boosted its position in Microsoft by 0.3% during the second quarter. Massachusetts Wealth Management now owns 9,640 shares of the software giant’s stock worth $4,309,000 after purchasing an additional 25 shares during the period. Deseret Mutual Benefit Administrators boosted its position in shares of Microsoft by 0.8% in the second quarter. Deseret Mutual Benefit Administrators now owns 3,255 shares of the software giant’s stock valued at $1,455,000 after acquiring an additional 25 shares during the period. Finally, Conscious Wealth Investments LLC boosted its position in shares of Microsoft by 0.4% in the second quarter. Conscious Wealth Investments LLC now owns 6,986 shares of the software giant’s stock valued at $3,108,000 after acquiring an additional 25 shares during the period. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the sale, the executive vice president now owns 117,294 shares in the company, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $414.72, for a total value of $414,720.00. Following the transaction, the chief marketing officer now directly owns 57,511 shares in the company, valued at $23,850,961.92. The trade was a 1.71 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 41,200 shares of company stock worth $17,383,892. 0.03% of the stock is owned by company insiders.

Analyst Ratings Changes

MSFT has been the topic of several research reports. KeyCorp lifted their price target on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a report on Friday, October 18th. Sanford C. Bernstein cut their target price on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating on the stock in a report on Friday, October 25th. DA Davidson restated a “neutral” rating and issued a $425.00 target price on shares of Microsoft in a report on Thursday, January 30th. Finally, BMO Capital Markets cut their target price on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating on the stock in a report on Thursday, October 31st. Three investment analysts have rated the stock with a hold rating and twenty-seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $510.96.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $410.92 on Tuesday. Microsoft Co. has a fifty-two week low of $385.58 and a fifty-two week high of $468.35. The business has a 50-day simple moving average of $432.53 and a two-hundred day simple moving average of $424.44. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The firm has a market cap of $3.05 trillion, a price-to-earnings ratio of 33.09, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company posted $2.93 earnings per share. On average, analysts expect that Microsoft Co. will post 13.03 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

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.