Microsoft Co. (NASDAQ:MSFT) Shares Sold by MBA Advisors LLC

MBA Advisors LLC lessened its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 1.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,495 shares of the software giant’s stock after selling 108 shares during the period. Microsoft comprises approximately 2.1% of MBA Advisors LLC’s portfolio, making the stock its 15th biggest position. MBA Advisors LLC’s holdings in Microsoft were worth $3,995,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Highview Capital Management LLC DE boosted its position in shares of Microsoft by 3.5% in the first quarter. Highview Capital Management LLC DE now owns 16,844 shares of the software giant’s stock worth $7,087,000 after buying an additional 571 shares during the period. Bellevue Asset Management LLC boosted its position in shares of Microsoft by 0.5% in the first quarter. Bellevue Asset Management LLC now owns 146,543 shares of the software giant’s stock worth $61,653,000 after buying an additional 769 shares during the period. Northwest Bancshares Inc. boosted its position in shares of Microsoft by 1.8% in the first quarter. Northwest Bancshares Inc. now owns 44,605 shares of the software giant’s stock worth $18,766,000 after buying an additional 793 shares during the period. Horizon Financial Services LLC acquired a new stake in shares of Microsoft in the first quarter worth $80,000. Finally, SlateStone Wealth LLC boosted its position in shares of Microsoft by 18.8% in the first quarter. SlateStone Wealth LLC now owns 89,229 shares of the software giant’s stock worth $37,540,000 after buying an additional 14,148 shares during the period. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on MSFT. Evercore ISI lifted their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Jefferies Financial Group lifted their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. KeyCorp began coverage on Microsoft in a research report on Thursday, March 21st. They set an “overweight” rating and a $490.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Microsoft from $450.00 to $515.00 and gave the company a “buy” rating in a research report on Friday, April 26th. Finally, BMO Capital Markets lifted their price objective on Microsoft from $455.00 to $465.00 and gave the company an “outperform” rating in a research report on Friday, April 12th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. According to MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus target price of $467.12.

Check Out Our Latest Report on Microsoft

Microsoft Trading Down 0.3 %

Shares of MSFT opened at $466.24 on Tuesday. Microsoft Co. has a 12-month low of $309.45 and a 12-month high of $468.35. 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 firm has a market capitalization of $3.47 trillion, a price-to-earnings ratio of 40.37, a P/E/G ratio of 2.20 and a beta of 0.89. The stock’s 50-day moving average price is $431.03 and its 200 day moving average price is $413.99.

Microsoft (NASDAQ:MSFTGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. The company 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 company’s quarterly revenue was up 17.0% on a year-over-year basis. During the same period in the previous year, the business earned $2.45 earnings per share. As a group, research analysts predict that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

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

Insider Buying and Selling at Microsoft

In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft 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 sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of Microsoft 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 sale, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of Microsoft 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 sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at $19,534,480.83. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 25,566 shares of company stock valued at $10,877,535. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Profile

(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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