Microsoft Co. (NASDAQ:MSFT) Holdings Decreased by RiverPark Advisors LLC

RiverPark Advisors LLC reduced its position in Microsoft Co. (NASDAQ:MSFTFree Report) by 6.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 16,772 shares of the software giant’s stock after selling 1,200 shares during the period. Microsoft accounts for about 5.8% of RiverPark Advisors LLC’s holdings, making the stock its largest holding. RiverPark Advisors LLC’s holdings in Microsoft were worth $6,307,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in MSFT. High Pines Wealth Management LLC lifted its holdings in Microsoft by 1.3% in the third quarter. High Pines Wealth Management LLC now owns 2,256 shares of the software giant’s stock worth $712,000 after acquiring an additional 28 shares during the last quarter. Sonen Capital LLC lifted its holdings in Microsoft by 0.3% in the third quarter. Sonen Capital LLC now owns 10,132 shares of the software giant’s stock worth $3,199,000 after acquiring an additional 28 shares during the last quarter. Perritt Capital Management Inc. lifted its holdings in Microsoft by 3.3% in the third quarter. Perritt Capital Management Inc. now owns 937 shares of the software giant’s stock worth $296,000 after acquiring an additional 30 shares during the last quarter. Noble Family Wealth LLC lifted its holdings in Microsoft by 1.3% in the third quarter. Noble Family Wealth LLC now owns 2,331 shares of the software giant’s stock worth $736,000 after acquiring an additional 31 shares during the last quarter. Finally, O Connor Financial Group LLC lifted its holdings in Microsoft by 1.4% in the third quarter. O Connor Financial Group LLC now owns 2,191 shares of the software giant’s stock worth $692,000 after acquiring an additional 31 shares during the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Microsoft Trading Down 0.2 %

Microsoft stock opened at $420.72 on Friday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.20 and a current ratio of 1.22. The firm has a market cap of $3.13 trillion, a price-to-earnings ratio of 38.04, a price-to-earnings-growth ratio of 2.24 and a beta of 0.89. Microsoft Co. has a 1 year low of $275.37 and a 1 year high of $430.82. The firm’s 50 day moving average price is $410.82 and its two-hundred day moving average price is $374.31.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping 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 firm had revenue of $62.02 billion for the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the previous year, the company posted $2.32 EPS. The company’s quarterly revenue was up 17.6% compared to the same quarter last year. On average, research analysts predict that Microsoft Co. will post 11.63 EPS for the current fiscal year.

Microsoft Announces Dividend

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

Insiders Place Their Bets

In other Microsoft news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on 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 directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now owns 11,677,398 shares in the company, valued at $22,770,926.10. The disclosure for this sale can be found here. In the last three months, insiders have sold 1,070,258 shares of company stock worth $30,690,456. Corporate insiders own 0.03% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on MSFT shares. Royal Bank of Canada lifted their price target on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. KeyCorp started coverage on Microsoft in a report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price target on the stock. China Renaissance started coverage on Microsoft in a report on Tuesday, December 5th. They set a “buy” rating and a $466.00 price target on the stock. StockNews.com cut Microsoft from a “buy” rating to a “hold” rating in a report on Thursday, February 22nd. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $465.00 price target on shares of Microsoft in a report on Wednesday, March 6th. Four research analysts have rated the stock with a hold rating and thirty-six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $423.34.

Get Our Latest Stock Analysis on Microsoft

Microsoft Company Profile

(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.

Read More

Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Co. (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.