Tsfg LLC Sells 91 Shares of Microsoft Co. (NASDAQ:MSFT)

Tsfg LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 0.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 10,166 shares of the software giant’s stock after selling 91 shares during the period. Microsoft makes up 1.2% of Tsfg LLC’s investment portfolio, making the stock its 21st largest position. Tsfg LLC’s holdings in Microsoft were worth $3,823,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Advisory Alpha LLC grew its holdings in Microsoft by 18.7% during the fourth quarter. Advisory Alpha LLC now owns 20,521 shares of the software giant’s stock valued at $7,717,000 after purchasing an additional 3,239 shares during the period. Lewis Asset Management LLC acquired a new position in Microsoft during the fourth quarter valued at approximately $5,462,000. Derbend Asset Management grew its holdings in Microsoft by 5.3% during the fourth quarter. Derbend Asset Management now owns 12,368 shares of the software giant’s stock valued at $4,651,000 after purchasing an additional 622 shares during the period. Insight Advisors LLC PA grew its holdings in Microsoft by 0.3% during the fourth quarter. Insight Advisors LLC PA now owns 17,792 shares of the software giant’s stock valued at $6,690,000 after purchasing an additional 49 shares during the period. Finally, Semus Wealth Partners LLC grew its holdings in Microsoft by 1.1% during the fourth quarter. Semus Wealth Partners LLC now owns 10,989 shares of the software giant’s stock valued at $4,132,000 after purchasing an additional 121 shares during the period. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently weighed in on MSFT. Royal Bank of Canada upped their price target on shares of Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. BNP Paribas upgraded shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a report on Thursday, January 18th. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price target on shares of Microsoft in a report on Monday. Truist Financial reiterated a “buy” rating and issued a $600.00 price target on shares of Microsoft in a report on Monday, March 25th. Finally, Wells Fargo & Company upped their price target on shares of Microsoft from $460.00 to $480.00 and gave the company an “overweight” rating in a report on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $434.05.

Microsoft Price Performance

Shares of MSFT opened at $399.04 on Friday. The firm has a market capitalization of $2.97 trillion, a PE ratio of 36.08, a PEG ratio of 2.20 and a beta of 0.89. The company’s 50-day moving average is $414.44 and its 200-day moving average is $387.17. Microsoft Co. has a fifty-two week low of $292.73 and a fifty-two week 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.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.76 by $0.17. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The company’s revenue was up 17.6% on a year-over-year basis. During the same period in the prior year, the firm earned $2.32 earnings per share. Equities analysts forecast that Microsoft Co. will post 11.61 EPS for the current year.

Microsoft Dividend Announcement

The firm 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 $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.75%. Microsoft’s dividend payout ratio (DPR) is presently 27.12%.

Insider Activity at Microsoft

In related 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 value of $8,868,941.80. Following the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Bradford L. Smith sold 45,000 shares of the company’s stock in a transaction dated Friday, February 2nd. The shares were sold at an average price of $411.78, for a total value of $18,530,100.00. Following the transaction, the insider now directly owns 574,129 shares in the company, valued at $236,414,839.62. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 completion of the transaction, the executive vice president now owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Over 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.

About Microsoft

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.