Microsoft Corporation $MSFT Shares Purchased by Prospera Financial Services Inc

Prospera Financial Services Inc raised its stake in Microsoft Corporation (NASDAQ:MSFTFree Report) by 4.6% in the fourth quarter, Holdings Channel reports. The fund owned 275,124 shares of the software giant’s stock after purchasing an additional 12,135 shares during the quarter. Microsoft accounts for approximately 2.2% of Prospera Financial Services Inc’s investment portfolio, making the stock its 3rd largest holding. Prospera Financial Services Inc’s holdings in Microsoft were worth $133,145,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Longfellow Investment Management Co. LLC lifted its stake in shares of Microsoft by 51.3% in the 2nd quarter. Longfellow Investment Management Co. LLC now owns 59 shares of the software giant’s stock valued at $29,000 after acquiring an additional 20 shares during the last quarter. Bernzott Capital Advisors bought a new stake in Microsoft during the 4th quarter worth $34,000. Fairway Wealth LLC increased its holdings in Microsoft by 287.0% in the 4th quarter. Fairway Wealth LLC now owns 89 shares of the software giant’s stock worth $43,000 after purchasing an additional 66 shares in the last quarter. Sellwood Investment Partners LLC acquired a new position in Microsoft in the 3rd quarter worth about $49,000. Finally, University of Illinois Foundation bought a new position in Microsoft in the second quarter valued at about $50,000. 71.13% of the stock is owned by institutional investors.

Analyst Ratings Changes

MSFT has been the topic of several research reports. Sanford C. Bernstein boosted their price target on Microsoft from $641.00 to $646.00 and gave the stock an “outperform” rating in a report on Thursday, April 30th. Cantor Fitzgerald reiterated an “overweight” rating and issued a $502.00 price objective on shares of Microsoft in a report on Thursday. Royal Bank Of Canada reiterated a “buy” rating on shares of Microsoft in a research report on Friday, May 22nd. DZ Bank restated a “buy” rating on shares of Microsoft in a research report on Thursday, April 30th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Microsoft in a research note on Tuesday, May 26th. Forty-one research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $561.20.

View Our Latest Stock Report on MSFT

Microsoft Trading Down 2.7%

NASDAQ:MSFT opened at $416.67 on Friday. Microsoft Corporation has a 52 week low of $356.28 and a 52 week high of $555.45. The company has a debt-to-equity ratio of 0.08, a quick ratio of 1.27 and a current ratio of 1.28. The firm’s fifty day moving average is $407.63 and its 200-day moving average is $432.07. The firm has a market cap of $3.10 trillion, a P/E ratio of 24.80, a P/E/G ratio of 1.50 and a beta of 1.11.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share for the quarter, topping analysts’ consensus estimates of $4.06 by $0.21. Microsoft had a return on equity of 31.94% and a net margin of 39.34%.The firm had revenue of $82.89 billion during the quarter, compared to the consensus estimate of $81.44 billion. During the same period last year, the business posted $3.46 EPS. The business’s revenue was up 18.3% compared to the same quarter last year. Equities analysts expect that Microsoft Corporation will post 16.76 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, May 21st. This represents a $3.64 annualized dividend and a yield of 0.9%. Microsoft’s dividend payout ratio is currently 21.67%.

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Amy Coleman sold 1,262 shares of the business’s stock in a transaction on Thursday, May 14th. The shares were sold at an average price of $411.34, for a total transaction of $519,111.08. Following the completion of the sale, the executive vice president owned 46,003 shares in the company, valued at approximately $18,922,874.02. The trade was a 2.67% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Judson Althoff sold 15,500 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $460.99, for a total transaction of $7,145,345.00. Following the completion of the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at $50,928,792.23. This trade represents a 12.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.03% of the company’s stock.

Microsoft News Roundup

Here are the key news stories impacting Microsoft this week:

Microsoft Profile

(Free Report)

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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