Prime Capital Investment Advisors LLC Increases Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Prime Capital Investment Advisors LLC grew its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 23.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 365,382 shares of the software giant’s stock after purchasing an additional 69,836 shares during the quarter. Microsoft makes up approximately 2.1% of Prime Capital Investment Advisors LLC’s investment portfolio, making the stock its 9th largest position. Prime Capital Investment Advisors LLC’s holdings in Microsoft were worth $137,398,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Iron Horse Wealth Management LLC raised its position in Microsoft by 89.0% during the 3rd quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock valued at $70,000 after purchasing an additional 105 shares in the last quarter. Authentikos Wealth Advisory LLC bought a new stake in shares of Microsoft in the third quarter valued at about $87,000. Family CFO Inc lifted its stake in Microsoft by 13.6% in the third quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after acquiring an additional 43 shares during the period. Cordant Inc. grew its holdings in Microsoft by 647.8% during the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock worth $129,000 after acquiring an additional 298 shares in the last quarter. Finally, Life Planning Partners Inc purchased a new position in Microsoft during the 4th quarter valued at about $146,000. 71.13% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of recent research reports. Sanford C. Bernstein increased their price objective on shares of Microsoft from $465.00 to $489.00 and gave the company an “outperform” rating in a research note on Friday. BMO Capital Markets upped their target price on Microsoft from $455.00 to $465.00 and gave the stock an “outperform” rating in a report on Friday, April 12th. Barclays lifted their price target on Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a report on Wednesday, January 31st. JPMorgan Chase & Co. upped their price objective on Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, DA Davidson reiterated a “buy” rating and issued a $500.00 target price 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-two have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and a consensus price target of $452.61.

Insider Activity

In related news, insider Bradford L. Smith sold 45,000 shares of Microsoft stock in a transaction dated Friday, February 2nd. The stock was sold at an average price of $411.78, for a total value of $18,530,100.00. Following the sale, the insider now directly owns 574,129 shares in the company, valued at approximately $236,414,839.62. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the sale, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the completion of the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders have sold a total of 1,070,258 shares of company stock worth $30,690,456 over the last 90 days. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 1.8 %

MSFT stock opened at $406.32 on Monday. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19. Microsoft Co. has a 52-week low of $295.25 and a 52-week high of $430.82. The company’s 50-day simple moving average is $414.48 and its 200-day simple moving average is $388.51. The firm has a market cap of $3.02 trillion, a P/E ratio of 35.18, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 company had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 38.87% and a net margin of 36.43%. Microsoft’s quarterly revenue was up 17.0% compared to the same quarter last year. During the same period last year, the company earned $2.45 earnings per share. As a group, equities analysts forecast that Microsoft Co. will post 11.71 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.74%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

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.