HBK Sorce Advisory LLC decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 6.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 85,274 shares of the software giant’s stock after selling 6,012 shares during the quarter. Microsoft accounts for about 1.2% of HBK Sorce Advisory LLC’s investment portfolio, making the stock its 9th biggest position. HBK Sorce Advisory LLC’s holdings in Microsoft were worth $32,066,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of MSFT. Financial Security Advisor Inc. grew its stake in Microsoft by 1.7% in the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after acquiring an additional 452 shares in the last quarter. Gunderson Capital Management Inc. boosted its holdings in shares of Microsoft by 0.7% in the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock valued at $9,359,000 after purchasing an additional 185 shares during the period. Rappaport Reiches Capital Management LLC grew its stake in Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock worth $3,089,000 after purchasing an additional 1,067 shares in the last quarter. Bailard Inc. increased its holdings in Microsoft by 1.2% during the 3rd quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock worth $148,497,000 after purchasing an additional 5,366 shares during the period. Finally, RNC Capital Management LLC raised its position in Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock valued at $25,967,000 after purchasing an additional 6,484 shares in the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Microsoft
In related news, insider Bradford L. Smith sold 3,303 shares of the stock in a transaction on Monday, February 5th. The stock was sold at an average price of $406.12, for a total value of $1,341,414.36. Following the completion of the transaction, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, insider Bradford L. Smith sold 3,303 shares of the 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 completion of the sale, the insider now directly owns 570,826 shares in the company, valued at $231,823,855.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction dated 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 owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. Insiders have sold 1,025,258 shares of company stock valued at $12,160,356 over the last ninety days. Insiders own 0.03% of the company’s stock.
Analyst Upgrades and Downgrades
View Our Latest Report on Microsoft
Microsoft Price Performance
Shares of NASDAQ MSFT opened at $406.66 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.23 and a current ratio of 1.24. The firm has a fifty day moving average of $413.76 and a 200 day moving average of $389.54. The firm has a market cap of $3.02 trillion, a PE ratio of 35.21, a PEG ratio of 2.09 and a beta of 0.89. Microsoft Co. has a one year low of $303.40 and a one year high of $430.82.
Microsoft (NASDAQ:MSFT – Get Free Report) last released its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the company earned $2.45 earnings per share. As a group, research analysts predict that Microsoft Co. will post 11.76 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders 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 dividend on an annualized basis and a dividend yield of 0.74%. Microsoft’s payout ratio is currently 25.97%.
Microsoft Profile
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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