Sanders Morris Harris LLC Sells 4,443 Shares of Microsoft Co. (NASDAQ:MSFT)

Sanders Morris Harris LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 33.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,807 shares of the software giant’s stock after selling 4,443 shares during the period. Microsoft makes up approximately 1.6% of Sanders Morris Harris LLC’s holdings, making the stock its 12th largest holding. Sanders Morris Harris LLC’s holdings in Microsoft were worth $3,298,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. Cadian Capital Management LP boosted its holdings in shares of Microsoft by 15.1% in the 2nd quarter. Cadian Capital Management LP now owns 107,000 shares of the software giant’s stock worth $36,438,000 after acquiring an additional 14,000 shares in the last quarter. Gunderson Capital Management Inc. boosted its holdings in shares of Microsoft by 0.7% in the 4th quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after acquiring an additional 185 shares in the last quarter. C M Bidwell & Associates Ltd. boosted its holdings in shares of Microsoft by 5.2% in the 2nd quarter. C M Bidwell & Associates Ltd. now owns 5,075 shares of the software giant’s stock worth $1,728,000 after acquiring an additional 253 shares in the last quarter. Geneos Wealth Management Inc. boosted its holdings in shares of Microsoft by 4.1% in the 3rd quarter. Geneos Wealth Management Inc. now owns 82,267 shares of the software giant’s stock worth $25,976,000 after acquiring an additional 3,209 shares in the last quarter. Finally, HS Management Partners LLC boosted its holdings in shares of Microsoft by 18.0% in the 3rd quarter. HS Management Partners LLC now owns 298,208 shares of the software giant’s stock worth $94,159,000 after acquiring an additional 45,560 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Microsoft Stock Performance

NASDAQ MSFT opened at $422.86 on Tuesday. The firm’s fifty day moving average price is $408.33 and its two-hundred day moving average price is $372.38. The stock has a market cap of $3.14 trillion, a PE ratio of 38.23, a PEG ratio of 2.28 and a beta of 0.89. Microsoft Co. has a fifty-two week low of $272.05 and a fifty-two week high of $430.82. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22.

Microsoft (NASDAQ:MSFTGet Free Report) last released its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The business had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the previous year, the business earned $2.32 earnings per share. Microsoft’s revenue for the quarter was up 17.6% on a year-over-year basis. On average, equities analysts expect that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders of record on Thursday, May 16th will be issued a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. Microsoft’s dividend payout ratio is currently 27.12%.

Insider Activity

In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction dated Monday, March 11th. The shares were sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the transaction, the insider now owns 570,826 shares in the company, valued at approximately $231,823,855.12. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. BNP Paribas raised Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 target price on the stock in a report on Thursday, January 18th. Mizuho boosted their price objective on shares of Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research report on Friday, December 15th. StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group restated a “buy” rating and issued a $465.00 price objective on shares of Microsoft in a research report on Wednesday, March 6th. Finally, Barclays boosted their price objective on shares of Microsoft from $421.00 to $475.00 and gave the stock an “overweight” rating in a research report on Wednesday, January 31st. Four analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $422.05.

Read Our Latest Research Report on MSFT

About Microsoft

(Free Report)

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.

Further Reading

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.