Reliant Wealth Planning Has $3.68 Million Stake in Microsoft Corporation $MSFT

Reliant Wealth Planning lifted its stake in Microsoft Corporation (NASDAQ:MSFTFree Report) by 1,002.3% in the third quarter, Holdings Channel.com reports. The firm owned 7,110 shares of the software giant’s stock after acquiring an additional 6,465 shares during the quarter. Microsoft comprises 1.2% of Reliant Wealth Planning’s portfolio, making the stock its 12th largest holding. Reliant Wealth Planning’s holdings in Microsoft were worth $3,683,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Vertex Planning Partners LLC grew its position in Microsoft by 5.2% during the third quarter. Vertex Planning Partners LLC now owns 4,762 shares of the software giant’s stock valued at $2,466,000 after purchasing an additional 235 shares in the last quarter. Livforsakringsbolaget Skandia Omsesidigt lifted its position in Microsoft by 1.1% in the 3rd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 326,592 shares of the software giant’s stock worth $169,155,000 after buying an additional 3,500 shares in the last quarter. Corus Family Wealth Advisors lifted its position in Microsoft by 6.5% in the 3rd quarter. Corus Family Wealth Advisors now owns 2,881 shares of the software giant’s stock worth $1,492,000 after buying an additional 175 shares in the last quarter. Stonebridge Financial Planning Group LLC boosted its stake in shares of Microsoft by 1.8% during the 3rd quarter. Stonebridge Financial Planning Group LLC now owns 5,479 shares of the software giant’s stock valued at $2,838,000 after buying an additional 99 shares during the period. Finally, Opulen Financial Group LLC boosted its stake in shares of Microsoft by 3.5% during the 3rd quarter. Opulen Financial Group LLC now owns 1,901 shares of the software giant’s stock valued at $985,000 after buying an additional 65 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Microsoft Stock Performance

NASDAQ:MSFT opened at $399.41 on Wednesday. The firm has a market capitalization of $2.97 trillion, a PE ratio of 24.98, a PEG ratio of 1.56 and a beta of 1.10. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a current ratio of 1.39, a quick ratio of 1.38 and a debt-to-equity ratio of 0.09. The firm’s fifty day simple moving average is $424.42 and its 200 day simple moving average is $474.29.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Wednesday, January 28th. The software giant reported $4.14 earnings per share for the quarter, topping analysts’ consensus estimates of $3.86 by $0.28. Microsoft had a net margin of 39.04% and a return on equity of 32.34%. The firm had revenue of $81.27 billion during the quarter, compared to analyst estimates of $80.28 billion. During the same quarter in the previous year, the business earned $3.23 EPS. The business’s revenue was up 16.7% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 11th. Investors of record on Thursday, May 21st will be paid a dividend of $0.91 per share. The ex-dividend date is Thursday, May 21st. This represents a $3.64 annualized dividend and a yield of 0.9%. Microsoft’s dividend payout ratio is presently 22.76%.

Analysts Set New Price Targets

MSFT has been the topic of a number of research reports. Bank of America dropped their price target on shares of Microsoft from $640.00 to $520.00 and set a “buy” rating on the stock in a research note on Monday, January 26th. BMO Capital Markets reduced their price objective on Microsoft from $625.00 to $575.00 and set an “outperform” rating for the company in a research report on Thursday, January 29th. TD Cowen reaffirmed a “buy” rating on shares of Microsoft in a research report on Thursday, January 29th. Melius Research set a $430.00 price target on Microsoft in a research note on Monday, February 9th. Finally, KeyCorp reduced their price target on Microsoft from $630.00 to $600.00 and set an “overweight” rating for the company in a report on Thursday, January 29th. Two equities research analysts have rated the stock with a Strong Buy rating, forty have issued a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, Microsoft has a consensus rating of “Moderate Buy” and a consensus target price of $591.95.

Get Our Latest Research Report on Microsoft

Microsoft News Summary

Here are the key news stories impacting Microsoft this week:

Insider Buying and Selling

In other news, EVP Kathleen T. Hogan sold 12,321 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $409.52, for a total value of $5,045,695.92. Following the completion of the sale, the executive vice president directly owned 137,933 shares of the company’s stock, valued at approximately $56,486,322.16. This represents a 8.20% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John W. Stanton acquired 5,000 shares of the stock in a transaction dated Wednesday, February 18th. The stock was bought at an average price of $397.35 per share, for a total transaction of $1,986,750.00. Following the purchase, the director owned 83,905 shares of the company’s stock, valued at $33,339,651.75. The trade was a 6.34% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 0.03% of the company’s stock.

About Microsoft

(Free Report)

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).

Recommended Stories

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFTFree Report).

Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.