MainStreet Investment Advisors LLC Sells 1,501 Shares of Microsoft Co. (NASDAQ:MSFT)

MainStreet Investment Advisors LLC reduced its stake in shares of Microsoft Co. (NASDAQ:MSFTFree Report) by 1.2% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 127,392 shares of the software giant’s stock after selling 1,501 shares during the period. Microsoft makes up approximately 5.4% of MainStreet Investment Advisors LLC’s holdings, making the stock its 3rd biggest holding. MainStreet Investment Advisors LLC’s holdings in Microsoft were worth $47,904,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Norges Bank acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $35,920,047,000. International Assets Investment Management LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at approximately $9,625,201,000. FMR LLC raised its holdings in shares of Microsoft by 2.7% in the third quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after purchasing an additional 5,762,902 shares during the last quarter. Cerity Partners LLC raised its holdings in shares of Microsoft by 277.8% in the fourth quarter. Cerity Partners LLC now owns 7,004,341 shares of the software giant’s stock valued at $2,633,912,000 after purchasing an additional 5,150,160 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Microsoft by 9.3% in the third quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock valued at $9,152,647,000 after purchasing an additional 2,456,190 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Microsoft news, 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 completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at $64,538,265.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other 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 value of $8,868,941.80. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $415.53, for a total value of $101,389.32. Following the completion of the transaction, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 47,521 shares of company stock valued at $19,746,476. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Up 0.1 %

MSFT stock opened at $424.52 on Friday. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. The company has a market cap of $3.16 trillion, a PE ratio of 36.76, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $433.60. The business has a 50-day simple moving average of $416.13 and a 200 day simple moving average of $402.07.

Microsoft (NASDAQ:MSFTGet Free Report) last issued its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping the consensus estimate of $2.81 by $0.13. The firm had revenue of $61.86 billion during 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 quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.45 earnings per share. Sell-side analysts anticipate that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s payout ratio is 25.97%.

Analyst Ratings Changes

A number of analysts have recently issued reports on MSFT shares. Stifel Nicolaus reiterated a “buy” rating and issued a $455.00 price objective on shares of Microsoft in a report on Monday, April 22nd. 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. Evercore ISI raised their target price on shares of Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Macquarie raised their target price on shares of Microsoft from $460.00 to $475.00 and gave the company an “outperform” rating in a research note on Friday, May 17th. Finally, StockNews.com cut shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Three analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $457.91.

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About Microsoft

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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.

See Also

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Institutional Ownership by Quarter for Microsoft (NASDAQ:MSFT)

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