Ironwood Financial llc Has $5.31 Million Stock Holdings in Microsoft Co. (NASDAQ:MSFT)

Ironwood Financial llc lifted its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,620 shares of the software giant’s stock after acquiring an additional 74 shares during the quarter. Microsoft makes up 1.2% of Ironwood Financial llc’s portfolio, making the stock its 24th biggest holding. Ironwood Financial llc’s holdings in Microsoft were worth $5,310,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also modified their holdings of MSFT. Optas LLC boosted its holdings in Microsoft by 1.3% in the first quarter. Optas LLC now owns 26,408 shares of the software giant’s stock worth $11,110,000 after purchasing an additional 346 shares in the last quarter. Blue Zone Wealth Advisors LLC boosted its holdings in Microsoft by 5.3% in the first quarter. Blue Zone Wealth Advisors LLC now owns 17,317 shares of the software giant’s stock worth $7,285,000 after purchasing an additional 870 shares in the last quarter. WJ Wealth Management LLC boosted its holdings in Microsoft by 6.4% in the first quarter. WJ Wealth Management LLC now owns 12,902 shares of the software giant’s stock worth $5,428,000 after purchasing an additional 772 shares in the last quarter. Chatham Capital Group Inc. boosted its holdings in Microsoft by 1.7% in the first quarter. Chatham Capital Group Inc. now owns 31,274 shares of the software giant’s stock worth $13,158,000 after purchasing an additional 513 shares in the last quarter. Finally, Arlington Financial Advisors LLC boosted its holdings in Microsoft by 3.4% in the first quarter. Arlington Financial Advisors LLC now owns 5,296 shares of the software giant’s stock worth $2,228,000 after purchasing an additional 172 shares in the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on MSFT. Piper Sandler restated an “overweight” rating and set a $465.00 price target (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. DA Davidson restated a “buy” rating and set a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. New Street Research began coverage on shares of Microsoft in a report on Monday, June 10th. They set a “buy” rating and a $570.00 price target for the company. Truist Financial restated a “buy” rating and set a $600.00 price target on shares of Microsoft in a report on Monday, June 17th. Finally, KeyCorp began coverage on shares of Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $469.86.

Read Our Latest Research Report on MSFT

Insider Activity

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

Microsoft Stock Performance

Shares of MSFT stock opened at $466.25 on Thursday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The company has a 50-day simple moving average of $433.86 and a 200 day simple moving average of $414.95. The company has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a PEG ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. During the same period in the prior year, the company posted $2.45 EPS. The company’s revenue was up 17.0% on a year-over-year basis. On average, sell-side analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be paid a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio is currently 25.97%.

Microsoft Profile

(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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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