Austin Wealth Management LLC Raises Holdings in Microsoft Co. (NASDAQ:MSFT)

Austin Wealth Management LLC boosted its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 26.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,595 shares of the software giant’s stock after buying an additional 545 shares during the quarter. Austin Wealth Management LLC’s holdings in Microsoft were worth $1,117,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Friedenthal Financial purchased a new position in shares of Microsoft in the 4th quarter worth approximately $45,000. Neo Ivy Capital Management purchased a new position in shares of Microsoft in the 4th quarter worth approximately $58,000. Richardson Capital Management LLC grew its position in shares of Microsoft by 1,290.0% in the 1st quarter. Richardson Capital Management LLC now owns 139 shares of the software giant’s stock worth $59,000 after buying an additional 129 shares during the last quarter. PayPay Securities Corp lifted its holdings in shares of Microsoft by 23.7% during the 4th quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock valued at $71,000 after purchasing an additional 36 shares during the last quarter. Finally, Bellevue Group AG lifted its holdings in shares of Microsoft by 47.5% during the 1st quarter. Bellevue Group AG now owns 180 shares of the software giant’s stock valued at $76,000 after purchasing an additional 58 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Microsoft news, CMO Takeshi Numoto sold 322 shares of the business’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 completion of the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 0.3 %

Microsoft stock opened at $416.79 on Friday. The stock has a market capitalization of $3.10 trillion, a PE ratio of 36.09, a price-to-earnings-growth ratio of 2.11 and a beta of 0.90. Microsoft Co. has a 12 month low of $309.45 and a 12 month high of $468.35. The business has a 50 day simple moving average of $435.06 and a 200-day simple moving average of $422.70. The company has a debt-to-equity ratio of 0.16, a current ratio of 1.27 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Tuesday, July 30th. The software giant reported $2.95 EPS for the quarter, beating analysts’ consensus estimates of $2.90 by $0.05. The business had revenue of $64.73 billion during the quarter, compared to analysts’ expectations of $64.38 billion. Microsoft had a return on equity of 35.95% and a net margin of 35.96%. The business’s revenue was up 15.2% compared to the same quarter last year. During the same period in the previous year, the business earned $2.69 earnings per share. On average, analysts anticipate that Microsoft Co. will post 13.04 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.72%. The ex-dividend date is Thursday, August 15th. Microsoft’s payout ratio is 25.97%.

Wall Street Analyst Weigh In

Several analysts have recently commented on MSFT shares. Sanford C. Bernstein increased their price objective on Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Mizuho boosted their price target on Microsoft from $450.00 to $480.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 16th. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a research note on Monday, June 17th. Wells Fargo & Company raised their price target on shares of Microsoft from $500.00 to $515.00 and gave the stock an “overweight” rating in a report on Wednesday, July 31st. Finally, UBS Group decreased their price target on shares of Microsoft from $520.00 to $510.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $494.72.

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.