Golden Road Advisors LLC Has $786,000 Stock Position in Microsoft Co. (NASDAQ:MSFT)

Golden Road Advisors LLC decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,868 shares of the software giant’s stock after selling 56 shares during the quarter. Microsoft comprises about 0.7% of Golden Road Advisors LLC’s portfolio, making the stock its 17th biggest holding. Golden Road Advisors LLC’s holdings in Microsoft were worth $786,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in MSFT. Journey Advisory Group LLC increased its holdings in shares of Microsoft by 1.7% during the 3rd quarter. Journey Advisory Group LLC now owns 82,994 shares of the software giant’s stock worth $26,205,000 after acquiring an additional 1,388 shares during the last quarter. Advisors Capital Management LLC increased its holdings in shares of Microsoft by 12.9% during the 3rd quarter. Advisors Capital Management LLC now owns 490,084 shares of the software giant’s stock worth $154,744,000 after acquiring an additional 56,139 shares during the last quarter. Pacific Center for Financial Services increased its holdings in shares of Microsoft by 20.4% during the 3rd quarter. Pacific Center for Financial Services now owns 4,241 shares of the software giant’s stock worth $1,339,000 after acquiring an additional 720 shares during the last quarter. Spouting Rock Asset Management LLC increased its holdings in shares of Microsoft by 26.9% during the 3rd quarter. Spouting Rock Asset Management LLC now owns 14,825 shares of the software giant’s stock worth $4,681,000 after acquiring an additional 3,142 shares during the last quarter. Finally, Maripau Wealth Management LLC increased its holdings in shares of Microsoft by 25.6% during the 3rd quarter. Maripau Wealth Management LLC now owns 2,564 shares of the software giant’s stock worth $810,000 after acquiring an additional 522 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Stock Down 2.5 %

MSFT stock opened at $454.70 on Friday. The stock has a market capitalization of $3.38 trillion, a P/E ratio of 39.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The firm has a 50-day moving average price of $435.00 and a 200-day moving average price of $415.23.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be issued a $0.75 dividend. The ex-dividend date is Thursday, August 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.66%. Microsoft’s dividend payout ratio (DPR) is presently 25.97%.

Insider Activity at Microsoft

In related news, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The shares were sold at an average price of $416.60, for a total value of $134,145.20. Following the completion of the transaction, the chief marketing officer now owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, 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 document filed with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 322 shares of the firm’s stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the transaction, the chief marketing officer now owns 47,255 shares of the company’s stock, valued at approximately $19,686,433. The disclosure for this sale can be found here. Insiders sold a total of 25,566 shares of company stock worth $10,877,535 in the last quarter. 0.03% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a report on Monday, June 17th. Evercore ISI boosted their price target on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Citigroup boosted their price target on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a research note on Friday, June 21st. Wells Fargo & Company boosted their price target on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Finally, DA Davidson restated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Based on data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $469.86.

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.