Profit Investment Management LLC Sells 50 Shares of Microsoft Co. (NASDAQ:MSFT)

Profit Investment Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 4,783 shares of the software giant’s stock after selling 50 shares during the period. Profit Investment Management LLC’s holdings in Microsoft were worth $1,799,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in MSFT. Moneta Group Investment Advisors LLC raised its position in Microsoft by 112,158.6% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 150,187,424 shares of the software giant’s stock valued at $36,017,948,000 after purchasing an additional 150,053,637 shares in the last quarter. Norges Bank purchased a new position in shares of Microsoft during the 4th quarter valued at about $20,700,525,000. Aaron Wealth Advisors LLC lifted its position in Microsoft by 35,465.9% in the 1st quarter. Aaron Wealth Advisors LLC now owns 20,611,140 shares of the software giant’s stock worth $66,852,000 after buying an additional 20,553,188 shares during the last quarter. Morgan Stanley boosted its stake in Microsoft by 14.0% in the fourth quarter. Morgan Stanley now owns 119,417,954 shares of the software giant’s stock worth $28,638,815,000 after buying an additional 14,652,150 shares in the last quarter. Finally, Osaic Holdings Inc. grew its position in Microsoft by 348.6% during the second quarter. Osaic Holdings Inc. now owns 11,998,927 shares of the software giant’s stock valued at $894,426,000 after acquiring an additional 9,324,182 shares during the last quarter. 71.13% of the stock is owned by institutional investors.

Microsoft Stock Down 0.2 %

Shares of Microsoft stock opened at $420.45 on Thursday. The company has a 50-day simple moving average of $412.27 and a two-hundred day simple moving average of $376.71. Microsoft Co. has a 52-week low of $275.37 and a 52-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. The stock has a market capitalization of $3.12 trillion, a PE ratio of 38.02, a price-to-earnings-growth ratio of 2.26 and a beta of 0.89.

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

Microsoft Announces Dividend

The business also recently declared 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. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is presently 27.12%.

Analyst Ratings Changes

MSFT has been the subject of a number of recent research reports. KeyCorp assumed coverage on shares of Microsoft in a report on Thursday, March 21st. They issued an “overweight” rating and a $490.00 price objective for the company. StockNews.com lowered shares of Microsoft from a “buy” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group lifted their price objective on Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday. Wedbush increased their target price on Microsoft from $475.00 to $500.00 and gave the company an “outperform” rating in a report on Tuesday, March 26th. Finally, Mizuho lifted their price target on Microsoft from $420.00 to $450.00 and gave the stock a “buy” rating in a research note on Friday, December 15th. Four equities research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the company’s stock. According to MarketBeat.com, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $425.52.

Get Our Latest Analysis on Microsoft

Insider Transactions at Microsoft

In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction that occurred on 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 $231,823,855.12. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Bradford L. Smith sold 3,303 shares of the business’s stock in a transaction dated Monday, February 5th. The shares were sold at an average price of $406.12, for a total value of $1,341,414.36. Following the sale, the insider now owns 570,826 shares of the company’s stock, valued at $231,823,855.12. The disclosure for this sale can be found here. Insiders sold 1,070,258 shares of company stock worth $30,690,456 over the last three months. 0.03% of the stock is currently owned by company insiders.

Microsoft 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.

Further Reading

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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