SkyOak Wealth LLC Grows Stake in Microsoft Corporation $MSFT

SkyOak Wealth LLC lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 17.5% during the 1st quarter, Holdings Channel.com reports. The fund owned 16,205 shares of the software giant’s stock after buying an additional 2,418 shares during the period. Microsoft accounts for 1.1% of SkyOak Wealth LLC’s investment portfolio, making the stock its 29th biggest holding. SkyOak Wealth LLC’s holdings in Microsoft were worth $5,999,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Forza Wealth Management LLC boosted its holdings in shares of Microsoft by 2.4% in the 1st quarter. Forza Wealth Management LLC now owns 12,343 shares of the software giant’s stock valued at $4,569,000 after buying an additional 284 shares in the last quarter. First Horizon Corp raised its stake in Microsoft by 12.9% during the 1st quarter. First Horizon Corp now owns 132,259 shares of the software giant’s stock worth $48,958,000 after acquiring an additional 15,120 shares in the last quarter. Cherry Creek Investment Advisors Inc. lifted its position in Microsoft by 1.0% in the first quarter. Cherry Creek Investment Advisors Inc. now owns 28,520 shares of the software giant’s stock valued at $10,557,000 after acquiring an additional 269 shares during the last quarter. Mosaic Family Wealth Partners LLC boosted its stake in Microsoft by 41.6% in the first quarter. Mosaic Family Wealth Partners LLC now owns 14,430 shares of the software giant’s stock valued at $5,341,000 after acquiring an additional 4,237 shares in the last quarter. Finally, North Capital Inc. grew its holdings in shares of Microsoft by 3.9% during the first quarter. North Capital Inc. now owns 3,499 shares of the software giant’s stock worth $1,295,000 after purchasing an additional 130 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Down 2.2%

Shares of NASDAQ:MSFT opened at $381.58 on Friday. Microsoft Corporation has a fifty-two week low of $349.20 and a fifty-two week high of $555.45. The company has a quick ratio of 1.27, a current ratio of 1.28 and a debt-to-equity ratio of 0.08. The firm’s 50-day simple moving average is $399.01 and its 200-day simple moving average is $408.26. The company has a market cap of $2.83 trillion, a price-to-earnings ratio of 22.71, a PEG ratio of 1.20 and a beta of 1.13.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, April 29th. The software giant reported $4.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.06 by $0.21. The firm had revenue of $82.89 billion during the quarter, compared to analysts’ expectations of $81.44 billion. Microsoft had a net margin of 39.34% and a return on equity of 31.94%. The firm’s revenue for the quarter was up 18.3% on a year-over-year basis. During the same period in the prior year, the company posted $3.46 earnings per share. As a group, equities research analysts predict that Microsoft Corporation will post 16.7 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 10th. Shareholders of record on Thursday, August 20th will be given a dividend of $0.91 per share. This represents a $3.64 annualized dividend and a dividend yield of 1.0%. The ex-dividend date is Thursday, August 20th. Microsoft’s payout ratio is presently 21.67%.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 4,500 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $402.84, for a total transaction of $1,812,780.00. Following the transaction, the executive vice president directly owned 47,468 shares in the company, valued at approximately $19,122,009.12. This represents a 8.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP Amy Coleman sold 1,262 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The stock was sold at an average price of $411.34, for a total value of $519,111.08. Following the completion of the sale, the executive vice president owned 46,003 shares in the company, valued at approximately $18,922,874.02. This represents a 2.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 23,762 shares of company stock valued at $10,508,361. Corporate insiders own 0.03% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Robert W. Baird reduced their target price on Microsoft from $540.00 to $500.00 and set an “outperform” rating for the company in a report on Wednesday, April 15th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $646.00 price target on shares of Microsoft in a research report on Wednesday. DA Davidson reiterated a “buy” rating and issued a $550.00 price objective on shares of Microsoft in a research note on Monday, July 6th. Wedbush restated an “outperform” rating and set a $575.00 target price on shares of Microsoft in a research report on Wednesday, May 13th. Finally, Citizens Jmp assumed coverage on shares of Microsoft in a report on Monday, June 1st. They issued an “outperform” rating and a $550.00 target price on the stock. Forty-two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $555.40.

Microsoft News Roundup

Here are the key news stories impacting Microsoft this week:

• Positive Sentiment: Microsoft expanded its partnership with Databricks through the 2030s, deepening integrations across Azure, Microsoft 365, Teams and Copilot and reinforcing its cloud and AI ecosystem. Microsoft (MSFT) Expands Partnership with AI Firm Databricks
• Positive Sentiment: Microsoft also deepened ties with AI startup Mistral, adding another strategic AI partner and broadening its footprint in regulated industries and Europe. Microsoft and Mistral expand strategic partnership
• Positive Sentiment: Microsoft committed $60 million and Azure compute credits to the U.S. Department of Energy’s “Genesis Mission,” highlighting ongoing investment in AI-for-science initiatives and government relationships. Microsoft commits $60M to ‘Genesis Mission’
• Positive Sentiment: Analyst commentary remained constructive, with Truist reiterating a buy rating and a $575 price target, suggesting substantial upside if earnings and AI demand remain solid. Analyst note on Microsoft

About Microsoft

Microsoft Corporation is a global technology company headquartered in Redmond, Washington. Founded in 1975 by Bill Gates and Paul Allen, Microsoft develops, licenses and supports a broad range of software products, services and devices for consumers, enterprises and governments worldwide. Its operations span personal computing, productivity software, cloud infrastructure, enterprise applications, developer tools and gaming.

Microsoft’s product portfolio includes the Windows operating system and the Microsoft 365 suite of productivity and collaboration tools (Office apps, Outlook, Teams).