Microsoft Co. (NASDAQ:MSFT) Shares Acquired by Thrive Wealth Management LLC

Thrive Wealth Management LLC raised its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% during the 1st quarter, Holdings Channel reports. The fund owned 24,779 shares of the software giant’s stock after purchasing an additional 393 shares during the period. Microsoft makes up approximately 2.2% of Thrive Wealth Management LLC’s portfolio, making the stock its 6th largest holding. Thrive Wealth Management LLC’s holdings in Microsoft were worth $10,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently modified their holdings of MSFT. Friedenthal Financial bought a new position in shares of Microsoft in the fourth quarter valued at approximately $45,000. Neo Ivy Capital Management acquired a new position in shares of Microsoft during the 4th quarter valued at $58,000. PayPay Securities Corp raised its stake in shares of Microsoft by 23.7% in the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares in the last quarter. Cooksen Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter worth $86,000. Finally, Kathleen S. Wright Associates Inc. lifted its holdings in shares of Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock valued at $87,000 after buying an additional 143 shares during the period. 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 Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock valued at $10,877,535. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $467.56 on Friday. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35. The business’s 50-day moving average price is $429.75 and its two-hundred day moving average price is $412.76. The company has a market capitalization of $3.48 trillion, a P/E ratio of 40.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.45 EPS. Analysts anticipate that Microsoft Co. will post 11.77 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. Microsoft’s dividend payout ratio is currently 25.97%.

Analyst Ratings Changes

Several brokerages have commented on MSFT. Sanford C. Bernstein boosted their price target on shares of Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research report on Friday, April 26th. New Street Research initiated coverage on shares of Microsoft in a report on Monday, June 10th. They issued a “buy” rating and a $570.00 target price on the stock. Wells Fargo & Company raised their target price on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Wedbush reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a report on Wednesday, May 22nd. Finally, Piper Sandler restated an “overweight” rating and issued a $465.00 target price (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

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.