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

PFG Advisors cut its holdings in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 0.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 74,795 shares of the software giant’s stock after selling 311 shares during the quarter. Microsoft accounts for about 2.3% of PFG Advisors’ portfolio, making the stock its 4th biggest holding. PFG Advisors’ holdings in Microsoft were worth $28,126,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MSFT. Gunderson Capital Management Inc. raised its stake in Microsoft by 0.7% during the fourth 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. Geneos Wealth Management Inc. raised its stake in Microsoft by 4.1% during the third 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. Bailard Inc. raised its stake in Microsoft by 1.2% during the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after acquiring an additional 5,366 shares in the last quarter. RNC Capital Management LLC raised its stake in Microsoft by 10.4% during the fourth quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares in the last quarter. Finally, Independence Bank of Kentucky raised its stake in Microsoft by 7.7% during the third quarter. Independence Bank of Kentucky now owns 17,471 shares of the software giant’s stock worth $5,516,000 after acquiring an additional 1,245 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have issued reports on MSFT shares. Royal Bank of Canada increased their price objective on Microsoft from $415.00 to $450.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. DA Davidson reiterated a “buy” rating and issued a $500.00 price target on shares of Microsoft in a report on Friday, March 15th. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Wedbush reissued an “outperform” rating and issued a $500.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Finally, UBS Group reissued a “buy” rating and issued a $480.00 target price on shares of Microsoft in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and thirty-six have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $430.52.

View Our Latest Report on MSFT

Insider Buying and Selling

In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was 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 of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total value of $1,950,000.00. Following the transaction, the insider now directly 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 valued at $30,690,456. 0.03% of the stock is owned by company insiders.

Microsoft Stock Up 0.2 %

Shares of Microsoft stock opened at $414.58 on Wednesday. Microsoft Co. has a one year low of $275.37 and a one year high of $430.82. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.22 and a quick ratio of 1.20. The stock’s 50-day moving average is $415.53 and its 200 day moving average is $383.95. The firm has a market cap of $3.08 trillion, a price-to-earnings ratio of 37.48, a PEG ratio of 2.25 and a beta of 0.89.

Microsoft (NASDAQ:MSFTGet Free Report) last announced 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 company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same quarter in the prior year, the company earned $2.32 EPS. The firm’s revenue for the quarter was up 17.6% compared to the same quarter last year. Equities research analysts anticipate that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a yield of 0.72%. The ex-dividend date is Wednesday, May 15th. Microsoft’s dividend payout ratio (DPR) is currently 27.12%.

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.

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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