Wealthspire Advisors LLC Sells 3,514 Shares of Microsoft Corporation $MSFT

Wealthspire Advisors LLC cut its position in Microsoft Corporation (NASDAQ:MSFT) by 0.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 444,374 shares of the software giant’s stock after selling 3,514 shares during the quarter. Microsoft comprises approximately 1.2% of Wealthspire Advisors LLC’s holdings, making the stock its 18th biggest position. Wealthspire Advisors LLC’s holdings in Microsoft were worth $221,036,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the company. Bridger Management LLC grew its position in shares of Microsoft by 190.8% in the 2nd quarter. Bridger Management LLC now owns 12,300 shares of the software giant’s stock valued at $6,118,000 after acquiring an additional 8,070 shares during the period. Perennial Investment Advisors LLC raised its holdings in shares of Microsoft by 5.7% in the 2nd quarter. Perennial Investment Advisors LLC now owns 35,721 shares of the software giant’s stock valued at $17,769,000 after purchasing an additional 1,923 shares during the period. M Wealth Management LLC acquired a new stake in Microsoft in the 2nd quarter valued at about $342,000. PFG Private Wealth Management LLC grew its holdings in Microsoft by 1.0% during the second quarter. PFG Private Wealth Management LLC now owns 4,520 shares of the software giant’s stock worth $2,248,000 after purchasing an additional 44 shares during the period. Finally, Diversified Portfolios Inc. increased its position in Microsoft by 10.7% during the second quarter. Diversified Portfolios Inc. now owns 3,668 shares of the software giant’s stock worth $1,825,000 after buying an additional 354 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ:MSFT opened at $491.02 on Tuesday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The company’s 50 day moving average price is $506.81 and its two-hundred day moving average price is $501.85. The firm has a market cap of $3.65 trillion, a PE ratio of 34.92, a PEG ratio of 1.81 and a beta of 1.07. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 0.10.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.65 by $0.48. The business had revenue of $77.67 billion during the quarter, compared to analysts’ expectations of $75.49 billion. Microsoft had a return on equity of 32.45% and a net margin of 35.71%.During the same period in the previous year, the company posted $3.30 earnings per share. The firm’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, March 12th. Stockholders of record on Thursday, February 19th will be issued a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, February 19th. Microsoft’s dividend payout ratio is 25.89%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MSFT shares. Baird R W raised Microsoft to a “strong-buy” rating in a research report on Friday, November 14th. Stifel Nicolaus set a $640.00 price target on Microsoft in a research note on Thursday, October 30th. Rothschild Redb downgraded Microsoft from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. TD Cowen upped their price objective on shares of Microsoft from $640.00 to $655.00 and gave the company a “buy” rating in a report on Thursday, October 30th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Microsoft in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $632.34.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 2,850 shares of the firm’s stock in a transaction on Thursday, December 4th. The stock was sold at an average price of $478.72, for a total value of $1,364,352.00. Following the transaction, the executive vice president owned 55,782 shares in the company, valued at approximately $26,703,959.04. This trade represents a 4.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Judson Althoff sold 12,750 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of $491.52, for a total value of $6,266,880.00. Following the completion of the transaction, the chief executive officer directly owned 129,349 shares of the company’s stock, valued at approximately $63,577,620.48. This trade represents a 8.97% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 54,100 shares of company stock valued at $27,598,872. 0.03% of the stock is owned by corporate insiders.

About Microsoft

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.