Accuvest Global Advisors Purchases 3,150 Shares of Microsoft Corporation $MSFT

Accuvest Global Advisors lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 33.4% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 12,572 shares of the software giant’s stock after purchasing an additional 3,150 shares during the quarter. Microsoft comprises approximately 4.1% of Accuvest Global Advisors’ holdings, making the stock its 3rd largest holding. Accuvest Global Advisors’ holdings in Microsoft were worth $6,253,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of MSFT. Real Talk Capital LLC boosted its stake in shares of Microsoft by 1.6% during the 1st quarter. Real Talk Capital LLC now owns 2,290 shares of the software giant’s stock valued at $860,000 after buying an additional 37 shares during the last quarter. Bank Pictet & Cie Europe AG increased its stake in shares of Microsoft by 3.8% in the second quarter. Bank Pictet & Cie Europe AG now owns 922,524 shares of the software giant’s stock worth $457,119,000 after buying an additional 33,382 shares during the last quarter. Modern Wealth Management LLC raised its holdings in Microsoft by 39.3% in the first quarter. Modern Wealth Management LLC now owns 144,852 shares of the software giant’s stock valued at $54,376,000 after acquiring an additional 40,860 shares in the last quarter. Well Done LLC boosted its stake in Microsoft by 8.9% during the 2nd quarter. Well Done LLC now owns 9,911 shares of the software giant’s stock valued at $4,930,000 after acquiring an additional 814 shares during the last quarter. Finally, Lantz Financial LLC boosted its stake in Microsoft by 2.5% during the 2nd quarter. Lantz Financial LLC now owns 24,210 shares of the software giant’s stock valued at $12,042,000 after acquiring an additional 580 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 38,500 shares of the company’s stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $518.64, for a total value of $19,967,640.00. Following the completion of the sale, the insider directly owned 461,597 shares in the company, valued at $239,402,668.08. This represents a 7.70% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on MSFT shares. DA Davidson set a $650.00 target price on shares of Microsoft in a research report on Thursday, October 30th. Truist Financial boosted their price objective on Microsoft from $650.00 to $675.00 and gave the company a “buy” rating in a report on Monday, August 18th. Robert W. Baird started coverage on Microsoft in a research note on Friday, November 14th. They set an “outperform” rating and a $600.00 price objective on the stock. BNP Paribas Exane increased their target price on Microsoft from $630.00 to $632.00 and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, Cantor Fitzgerald set a $639.00 target price on Microsoft in a research report on Thursday, October 30th. Two investment analysts have rated the stock with a Strong Buy rating, thirty-seven have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $634.33.

Microsoft Price Performance

Shares of MSFT opened at $490.00 on Wednesday. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The stock’s fifty day moving average is $509.01 and its 200-day moving average is $501.08. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The firm has a market capitalization of $3.64 trillion, a price-to-earnings ratio of 34.85, a price-to-earnings-growth ratio of 2.36 and a beta of 1.02.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, October 29th. The software giant reported $4.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.65 by $0.48. The firm had revenue of $77.67 billion during the quarter, compared to analyst estimates of $75.49 billion. Microsoft had a net margin of 35.71% and a return on equity of 33.47%. Microsoft’s revenue was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $3.30 EPS. Equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 12th. Investors of record on Thursday, February 19th will be paid a dividend of $0.91 per share. This represents a $3.64 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, February 19th. Microsoft’s dividend payout ratio (DPR) is currently 25.89%.

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.