Microsoft Corporation (NASDAQ:MSFT) Shares Acquired by Foundation Wealth Management LLC PA

Foundation Wealth Management LLC PA boosted its stake in Microsoft Corporation (NASDAQ:MSFT) by 41.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 1,256 shares of the software giant’s stock after acquiring an additional 368 shares during the quarter. Foundation Wealth Management LLC PA’s holdings in Microsoft were worth $471,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at about $44,343,058,000. GAMMA Investing LLC grew its stake in Microsoft by 40,290.4% during the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock valued at $17,528,950,000 after acquiring an additional 46,579,693 shares in the last quarter. Proficio Capital Partners LLC grew its stake in Microsoft by 34,643.3% during the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after acquiring an additional 16,788,816 shares in the last quarter. Northern Trust Corp raised its holdings in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after acquiring an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $524.11 on Friday. The business’s fifty day moving average price is $489.94 and its 200 day moving average price is $434.88. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.90 trillion, a PE ratio of 38.42, a P/E/G ratio of 2.39 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion during the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. Microsoft’s revenue was up 18.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.95 EPS. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft’s dividend payout ratio is 24.34%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on MSFT shares. TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. KeyCorp raised Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price objective on the stock in a research note on Thursday. Scotiabank upped their target price on Microsoft from $500.00 to $650.00 and gave the company a “sector outperform” rating in a report on Thursday. Morgan Stanley lifted their price target on Microsoft from $530.00 to $582.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Citigroup upped their price objective on shares of Microsoft from $605.00 to $613.00 and gave the company a “buy” rating in a report on Tuesday, July 22nd. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $609.86.

Insider Activity at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the transaction, the executive vice president directly owned 43,930 shares in the company, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,743 shares of company stock worth $27,520,933 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Microsoft 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.