Microsoft Co. (NASDAQ:MSFT) Shares Sold by Pacific Center for Financial Services (2024)

Posted by Defense World Staff on Jun 15th, 2024

Pacific Center for Financial Services lessened its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 1.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,165 shares of the software giant’s stock after selling 76 shares during the quarter. Microsoft comprises about 0.5% of Pacific Center for Financial Services’ investment portfolio, making the stock its 21st biggest holding. Pacific Center for Financial Services’ holdings in Microsoft were worth $1,566,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Friedenthal Financial acquired a new position in Microsoft in the fourth quarter worth approximately $45,000. PayPay Securities Corp grew its position in Microsoft by 23.7% in the fourth quarter. PayPay Securities Corp now owns 188 shares of the software giant’s stock worth $71,000 after buying an additional 36 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new position in Microsoft in the third quarter worth approximately $87,000. Kathleen S. Wright Associates Inc. grew its position in Microsoft by 160.7% in the fourth quarter. Kathleen S. Wright Associates Inc. now owns 232 shares of the software giant’s stock worth $87,000 after buying an additional 143 shares during the last quarter. Finally, Family CFO Inc grew its position 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 buying an additional 43 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on MSFT shares. Royal Bank of Canada restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Friday, May 24th. KeyCorp assumed coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective on the stock. Tigress Financial lifted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the stock a “buy” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on shares of Microsoft from $450.00 to $515.00 and gave the stock a “buy” rating in a research report on Friday, April 26th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. According to MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $465.83.

Get Our Latest Report on Microsoft

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, EVP Judson Althoff sold 25,000 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of $425.68, for a total value of $10,642,000.00. Following the sale, the executive vice president now owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $415.53, for a total transaction of $101,389.32. Following the completion of the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Up 0.2 %

Microsoft stock opened at $442.57 on Friday. The firm has a market cap of $3.29 trillion, a price-to-earnings ratio of 38.32, a P/E/G ratio of 2.33 and a beta of 0.89. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. Microsoft Co. has a fifty-two week low of $309.45 and a fifty-two week high of $443.40. The firm has a fifty day moving average price of $417.71 and a two-hundred day moving average price of $404.48.

Microsoft (NASDAQ:MSFT – Get Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. During the same quarter in the previous year, the firm posted $2.45 EPS. The business’s revenue was up 17.0% compared to the same quarter last year. As a group, analysts forecast that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Thursday, August 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.68%. Microsoft’s payout ratio is 25.97%.

About Microsoft

(Free Report)

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.