Tsfg LLC Grows Stake in Microsoft Co. (NASDAQ:MSFT)

Tsfg LLC raised its stake in Microsoft Co. (NASDAQ:MSFTFree Report) by 3.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 10,512 shares of the software giant’s stock after acquiring an additional 346 shares during the period. Microsoft makes up 1.1% of Tsfg LLC’s portfolio, making the stock its 27th biggest position. Tsfg LLC’s holdings in Microsoft were worth $4,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently modified their holdings of the company. Financial Engines Advisors L.L.C. boosted its position in shares of Microsoft by 9.2% during the third quarter. Financial Engines Advisors L.L.C. now owns 39,223 shares of the software giant’s stock valued at $12,385,000 after buying an additional 3,318 shares during the last quarter. Concorde Asset Management LLC boosted its position in shares of Microsoft by 9.6% during the third quarter. Concorde Asset Management LLC now owns 4,859 shares of the software giant’s stock valued at $1,534,000 after buying an additional 425 shares during the last quarter. WCG Wealth Advisors LLC boosted its position in shares of Microsoft by 114.5% during the third quarter. WCG Wealth Advisors LLC now owns 99,145 shares of the software giant’s stock valued at $31,931,000 after buying an additional 52,919 shares during the last quarter. Keystone Investors PTE Ltd. boosted its position in shares of Microsoft by 28.3% during the third quarter. Keystone Investors PTE Ltd. now owns 325,468 shares of the software giant’s stock valued at $102,767,000 after buying an additional 71,835 shares during the last quarter. Finally, Charles Lim Capital Ltd purchased a new stake in shares of Microsoft during the third quarter valued at $28,418,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction that occurred on Monday, June 3rd. The stock was 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 owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total transaction of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CMO Takeshi Numoto sold 244 shares of the firm’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares of the company’s stock, valued at $19,534,480.83. The disclosure for this sale can be found here. In the last 90 days, insiders sold 25,566 shares of company stock worth $10,877,535. 0.03% of the stock is currently owned by company insiders.

Microsoft Price Performance

Shares of Microsoft stock opened at $467.56 on Friday. The stock has a market cap of $3.48 trillion, a price-to-earnings ratio of 40.48, a price-to-earnings-growth ratio of 2.17 and a beta of 0.89. 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 stock has a 50 day moving average price of $429.75 and a 200-day moving average price of $413.04. Microsoft Co. has a one year low of $309.45 and a one year high of $468.35.

Microsoft (NASDAQ:MSFTGet Free Report) last announced 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 firm had revenue of $61.86 billion during the quarter, compared to analysts’ expectations of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.45 EPS. Equities analysts expect that Microsoft Co. will post 11.77 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be issued a $0.75 dividend. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is 25.97%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on MSFT shares. UBS Group reaffirmed a “buy” rating and set a $480.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Wells Fargo & Company increased their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a report on Friday, April 26th. Citigroup increased their target price on Microsoft from $495.00 to $520.00 and gave the company a “buy” rating in a report on Friday, June 21st. Truist Financial reissued a “buy” rating and issued a $600.00 target price on shares of Microsoft in a report on Monday, June 17th. Finally, The Goldman Sachs Group increased their target price on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a report on Friday, April 26th. Three equities research analysts have rated the stock with a hold rating and thirty-three have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $467.12.

Check Out Our Latest Report on MSFT

About Microsoft

(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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