Thryve Wealth Management LLC Buys Shares of 5,906 Microsoft Corporation $MSFT

Thryve Wealth Management LLC purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFTFree Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 5,906 shares of the software giant’s stock, valued at approximately $2,856,000. Microsoft comprises about 1.4% of Thryve Wealth Management LLC’s holdings, making the stock its 18th largest holding.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mariner Investment Group LLC purchased a new stake in Microsoft in the 4th quarter worth about $166,365,000. KW Wealth Management LLC lifted its holdings in Microsoft by 1.3% during the fourth quarter. KW Wealth Management LLC now owns 7,545 shares of the software giant’s stock valued at $3,649,000 after purchasing an additional 97 shares during the last quarter. MidFirst Bank bought a new position in Microsoft during the fourth quarter worth about $52,761,000. Alternative Investment Advisors LLC. boosted its position in Microsoft by 1.1% during the fourth quarter. Alternative Investment Advisors LLC. now owns 2,548 shares of the software giant’s stock worth $1,234,000 after purchasing an additional 28 shares during the period. Finally, DGS Capital Management LLC increased its stake in shares of Microsoft by 2.4% in the fourth quarter. DGS Capital Management LLC now owns 30,867 shares of the software giant’s stock worth $14,928,000 after purchasing an additional 738 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, CEO Judson Althoff sold 15,500 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $460.99, for a total value of $7,145,345.00. Following the transaction, the chief executive officer directly owned 110,477 shares in the company, valued at $50,928,792.23. This represents a 12.30% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Amy Coleman sold 1,262 shares of the firm’s stock in a transaction dated Thursday, May 14th. The shares were sold at an average price of $411.34, for a total value of $519,111.08. Following the completion of the sale, the executive vice president directly 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 23,762 shares of company stock worth $10,508,361 over the last ninety days. 0.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Truist Financial lowered their price target on shares of Microsoft from $675.00 to $575.00 and set a “buy” rating on the stock in a research report on Thursday, April 30th. Raymond James Financial lowered shares of Microsoft from a “market perform” rating to a “market perform” rating in a research note on Tuesday, May 5th. Robert W. Baird lowered their target price on shares of Microsoft from $540.00 to $500.00 and set an “outperform” rating on the stock in a report on Wednesday, April 15th. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research report on Tuesday, May 26th. Finally, China Renaissance cut their price target on Microsoft from $630.00 to $550.00 and set a “buy” rating for the company in a report on Monday, May 4th. Forty-one analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus target price of $561.20.

Read Our Latest Report on Microsoft

Microsoft Stock Performance

NASDAQ MSFT opened at $379.40 on Friday. Microsoft Corporation has a 1 year low of $356.28 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.08, a current ratio of 1.28 and a quick ratio of 1.27. The stock has a market capitalization of $2.82 trillion, a PE ratio of 22.58, a P/E/G ratio of 1.37 and a beta of 1.11. The company’s 50 day simple moving average is $412.37 and its two-hundred day simple moving average is $425.58.

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

Microsoft Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 10th. Investors of record on Thursday, August 20th will be paid a dividend of $0.91 per share. The ex-dividend date of this dividend is Thursday, August 20th. This represents a $3.64 annualized dividend and a yield of 1.0%. Microsoft’s dividend payout ratio (DPR) is currently 21.67%.

Key Headlines Impacting Microsoft

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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