Microsoft Co. (NASDAQ:MSFT) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors decreased its stake in shares of Microsoft Co. (NASDAQ:MSFT – Get Rating) by 0.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 62,988 shares of the software giant’s stock after selling 147 shares during the period. Microsoft comprises about 3.4% of Ibex Wealth Advisors’ holdings, making the stock its largest position. Ibex Wealth Advisors’ holdings in Microsoft were worth $15,106,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Monumental Financial Group Inc. bought a new stake in shares of Microsoft in the first quarter valued at $28,000. Iron Horse Wealth Management LLC bought a new stake in shares of Microsoft in the fourth quarter valued at $26,000. Hanseatic Management Services Inc. raised its stake in shares of Microsoft by 71.4% in the third quarter. Hanseatic Management Services Inc. now owns 132 shares of the software giant’s stock valued at $31,000 after buying an additional 55 shares during the period. Retirement Financial Solutions LLC bought a new stake in shares of Microsoft in the fourth quarter valued at $40,000. Finally, PayPay Securities Corp bought a new stake in shares of Microsoft in the fourth quarter valued at $54,000. Hedge funds and other institutional investors own 69.15% of the company’s stock.

Microsoft Stock Down 0.1 %

Shares of NASDAQ:MSFT opened at $318.34 on Friday. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $319.04. The firm has a market capitalization of $2.37 trillion, a P/E ratio of 34.49, a P/E/G ratio of 2.79 and a beta of 0.93. The stock has a 50 day moving average price of $290.86 and a 200-day moving average price of $261.15. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.88 and a current ratio of 1.91.

Microsoft (NASDAQ:MSFT – Get Rating) last announced its earnings results on Tuesday, April 25th. The software giant reported $2.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.23. Microsoft had a return on equity of 38.98% and a net margin of 33.25%. The firm had revenue of $52.86 billion during the quarter, compared to analyst estimates of $51.01 billion. During the same quarter in the prior year, the company earned $2.22 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Microsoft Co. will post 9.66 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 8th. Investors of record on Thursday, May 18th will be given a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.85%. The ex-dividend date of this dividend is Wednesday, May 17th. Microsoft’s dividend payout ratio (DPR) is presently 29.47%.

Insider Activity at Microsoft

In related news, EVP Judson Althoff sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, May 1st. The stock was sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the completion of the transaction, the executive vice president now owns 117,456 shares of the company’s stock, valued at approximately $35,952,107.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other Microsoft news, CMO Christopher C. Capossela sold 5,000 shares of the stock in a transaction on Friday, May 5th. The stock was sold at an average price of $310.05, for a total transaction of $1,550,250.00. Following the sale, the chief marketing officer now directly owns 110,206 shares in the company, valued at approximately $34,169,370.30. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total value of $9,182,700.00. Following the sale, the executive vice president now owns 117,456 shares in the company, valued at $35,952,107.04. The disclosure for this sale can be found here. Insiders sold a total of 54,848 shares of company stock valued at $16,635,227 in the last 90 days. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. BNP Paribas lowered Microsoft from an “outperform” rating to a “neutral” rating and lowered their target price for the company from $310.00 to $300.00 in a research note on Monday, April 24th. JPMorgan Chase & Co. boosted their price objective on Microsoft from $305.00 to $315.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Jefferies Financial Group boosted their price objective on Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Barclays boosted their price objective on Microsoft from $310.00 to $336.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Finally, KeyCorp boosted their price objective on Microsoft from $316.00 to $335.00 and gave the company an “overweight” rating in a research note on Thursday, April 20th. One analyst has rated the stock with a sell rating, four have given a hold rating and thirty-two have assigned a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $323.28.

About Microsoft

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Microsoft Corp. engages in the development and support of software, services, devices, and solutions. It operates through the following business segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment consists of Office Commercial (Office 365 subscriptions, the Office 365 portion of Microsoft 365 Commercial subscriptions, and Office licensed on-premises), Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, and Skype for Business, Office Consumer, including Microsoft 365 Consumer subscriptions, Office licensed on-premises, and other Office services, LinkedIn, including Talent Solutions, Marketing Solutions, Premium Subscriptions, Sales Solutions, and Learning Solutions, Dynamics business solutions, including Dynamics 365, comprising a set of intelligent, cloud-based applications across ERP, CRM, Customer Insights, Power Apps, and Power Automate, and on-premises ERP and CRM applications.