Summit Trail Advisors LLC Buys 4,844 Shares of Microsoft Co. (NASDAQ:MSFT)

Summit Trail Advisors LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 10.3% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 51,784 shares of the software giant’s stock after acquiring an additional 4,844 shares during the period. Microsoft makes up approximately 0.6% of Summit Trail Advisors LLC’s holdings, making the stock its 28th biggest position. Summit Trail Advisors LLC’s holdings in Microsoft were worth $14,929,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of MSFT. Optas LLC increased its position in shares of Microsoft by 2.7% during the 4th quarter. Optas LLC now owns 25,001 shares of the software giant’s stock valued at $5,996,000 after purchasing an additional 651 shares during the last quarter. Spinnaker Investment Group LLC increased its position in shares of Microsoft by 2.6% during the 1st quarter. Spinnaker Investment Group LLC now owns 11,951 shares of the software giant’s stock valued at $3,445,000 after purchasing an additional 305 shares during the last quarter. Quilter Plc increased its position in shares of Microsoft by 1.4% during the 4th quarter. Quilter Plc now owns 844,299 shares of the software giant’s stock valued at $202,480,000 after purchasing an additional 11,563 shares during the last quarter. SeaTown Holdings Pte. Ltd. increased its position in shares of Microsoft by 3.1% during the 4th quarter. SeaTown Holdings Pte. Ltd. now owns 200,299 shares of the software giant’s stock valued at $48,036,000 after purchasing an additional 6,000 shares during the last quarter. Finally, Value Aligned Research Advisors LLC purchased a new stake in shares of Microsoft during the 4th quarter valued at about $13,999,000. Institutional investors own 72.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on MSFT. Oppenheimer reaffirmed an “outperform” rating and set a $410.00 price target on shares of Microsoft in a research report on Friday, July 28th. Rosenblatt Securities increased their target price on shares of Microsoft from $310.00 to $360.00 and gave the stock a “buy” rating in a report on Thursday, July 27th. Wedbush increased their target price on shares of Microsoft from $375.00 to $400.00 in a report on Wednesday, July 26th. Guggenheim reissued a “sell” rating and issued a $232.00 target price on shares of Microsoft in a report on Thursday, July 20th. Finally, Citigroup reduced their target price on shares of Microsoft from $425.00 to $420.00 in a report on Wednesday, July 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and thirty-three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $373.68.

Microsoft Stock Up 0.9 %

Shares of MSFT opened at $322.98 on Friday. The company has a market cap of $2.40 trillion, a PE ratio of 33.33, a P/E/G ratio of 2.36 and a beta of 0.90. The business has a fifty day moving average of $333.79 and a 200 day moving average of $305.96. Microsoft Co. has a 52-week low of $213.43 and a 52-week high of $366.78. The company has a quick ratio of 1.75, a current ratio of 1.77 and a debt-to-equity ratio of 0.20.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Tuesday, July 25th. The software giant reported $2.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.55 by $0.14. The company had revenue of $56.19 billion during the quarter, compared to the consensus estimate of $55.49 billion. Microsoft had a return on equity of 38.70% and a net margin of 34.15%. Microsoft’s revenue was up 8.3% on a year-over-year basis. During the same period last year, the company earned $2.23 earnings per share. On average, sell-side analysts expect that Microsoft Co. will post 10.9 EPS for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be paid a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 dividend on an annualized basis and a yield of 0.84%. Microsoft’s payout ratio is 28.07%.

Insiders Place Their Bets

In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total value of $16,860,000.00. Following the sale, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Microsoft news, Director Teri List sold 1,250 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $334.77, for a total value of $418,462.50. Following the sale, the director now owns 874 shares in the company, valued at $292,588.98. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the transaction, the insider now owns 588,084 shares in the company, valued at approximately $198,301,924.80. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Microsoft Profile

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.