Libra Wealth LLC Sells 138 Shares of Microsoft Co. (NASDAQ:MSFT)

Libra Wealth LLC decreased its stake in Microsoft Co. (NASDAQ:MSFT) by 1.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 9,622 shares of the software giant’s stock after selling 138 shares during the period. Microsoft makes up 1.8% of Libra Wealth LLC’s portfolio, making the stock its 13th largest position. Libra Wealth LLC’s holdings in Microsoft were worth $3,618,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the stock. Financial Security Advisor Inc. raised its position in shares of Microsoft by 1.7% in the fourth quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock valued at $10,255,000 after purchasing an additional 452 shares during the period. Gunderson Capital Management Inc. raised its position 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 raised its position in shares of Microsoft by 14.9% in the fourth quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after purchasing an additional 1,067 shares during the period. Bailard Inc. raised its position in shares of Microsoft by 1.2% in the third quarter. Bailard Inc. now owns 470,301 shares of the software giant’s stock valued at $148,497,000 after purchasing an additional 5,366 shares during the period. Finally, RNC Capital Management LLC raised its position in shares of Microsoft by 10.4% in the fourth 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 during the period. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $409.34 on Wednesday. Microsoft Co. has a 1 year low of $306.09 and a 1 year high of $430.82. The stock has a market capitalization of $3.04 trillion, a P/E ratio of 35.44, a P/E/G ratio of 2.15 and a beta of 0.89. The company’s 50-day moving average is $413.84 and its 200 day moving average is $392.05. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, topping analysts’ consensus estimates of $2.81 by $0.13. The firm had revenue of $61.86 billion for the quarter, compared to the consensus estimate of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The business’s revenue for the quarter was up 17.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.45 EPS. On average, sell-side analysts expect that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Announces Dividend

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 given a dividend of $0.75 per share. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio is presently 25.97%.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft 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 sale, 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 the SEC website. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of Microsoft stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the sale, the insider now directly owns 11,677,398 shares in the company, valued at $22,770,926.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred on 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 sale, 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. 0.03% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Barclays boosted their price target on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research report on Wednesday, January 31st. Evercore ISI boosted their price target on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Wells Fargo & Company upped their target price on shares of Microsoft from $480.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Raymond James reissued an “outperform” rating and issued a $480.00 price target (up previously from $450.00) on shares of Microsoft in a research note on Friday, April 26th. Finally, DA Davidson reissued a “buy” rating and issued a $500.00 price target on shares of Microsoft in a research note on Friday, March 15th. Three investment analysts have rated the stock with a hold rating and thirty-two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $452.61.

Microsoft Company 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.