Time: 2024-07-17
Fonville Wealth Management LLC significantly increased its stake in Microsoft Co. ( NASDAQ : MSFT ) during the first quarter , with the firm owning 7,141 shares of the software giant 's stock . This boost represents a 77.6 % increase from the previous quarter . Other large investors like Morris Financial Concepts Inc. , Innova Wealth Partners , Arkansas Financial Group Inc. , Partnership Wealth Management LLC , and Johnson Bixby & Associates LLC have also added to their positions in Microsoft , showing a positive trend in investment in the tech giant.
Microsoft 's stock opened at 53.55 on Monday , with a market capitalization of .37 trillion . The company reported strong quarterly earnings results , beating the consensus estimate with an EPS of .94 . Microsoft also announced a quarterly dividend of sh.75 per share , providing shareholders with a yield of 0.66 % . The stock is currently trading down by 0.3 % , with a PE ratio of 39.27 and a beta of 0.89 . Analysts forecast that Microsoft will post 11.77 EPS for the current fiscal year , indicating positive growth expectations.
Recent insider trading activities at Microsoft include Chief Marketing Officer Takeshi Numoto and Executive Vice President Judson Althoff selling shares of the company . Numoto sold 244 shares at an average price of 15.53 , while Althoff sold 25,000 shares at an average price of 25.68 . These insider transactions signal confidence in the company 's performance and growth prospects.
Wall Street analysts have been bullish on Microsoft , with various firms reiterating buy ratings and setting price targets above the current market price . Truist Financial , Wedbush , New Street Research , BMO Capital Markets , and Wells Fargo & Company have all provided positive outlooks on the stock . The consensus rating for Microsoft is a " Moderate Buy , " with an average price target of 70.86 , indicating strong potential for growth in the stock . Microsoft continues to be a top pick among analysts for investors looking for long - term growth opportunities in the technology sector.
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