Microsoft Co. (NASDAQ:MSFT) Shares Sold by Opinicus Capital Inc.

Opinicus Capital Inc. trimmed its holdings in Microsoft Co. (NASDAQ:MSFTFree Report) by 0.9% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,784 shares of the software giant’s stock after selling 150 shares during the period. Microsoft accounts for about 5.9% of Opinicus Capital Inc.’s investment portfolio, making the stock its 2nd largest position. Opinicus Capital Inc.’s holdings in Microsoft were worth $6,640,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trifecta Capital Advisors LLC increased its position in Microsoft by 2.5% during the first quarter. Trifecta Capital Advisors LLC now owns 55,849 shares of the software giant’s stock worth $23,497,000 after buying an additional 1,349 shares in the last quarter. Reliant Investment Management LLC increased its position in Microsoft by 0.5% during the 1st quarter. Reliant Investment Management LLC now owns 12,727 shares of the software giant’s stock worth $5,355,000 after purchasing an additional 68 shares in the last quarter. Viewpoint Capital Management LLC raised its stake in Microsoft by 0.4% in the 1st quarter. Viewpoint Capital Management LLC now owns 13,442 shares of the software giant’s stock valued at $5,655,000 after purchasing an additional 51 shares during the last quarter. Occidental Asset Management LLC lifted its holdings in Microsoft by 17.1% in the 1st quarter. Occidental Asset Management LLC now owns 33,890 shares of the software giant’s stock valued at $14,258,000 after purchasing an additional 4,941 shares in the last quarter. Finally, Avity Investment Management Inc. boosted its stake in shares of Microsoft by 1.7% during the 1st quarter. Avity Investment Management Inc. now owns 123,749 shares of the software giant’s stock worth $52,064,000 after purchasing an additional 2,034 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Judson Althoff sold 25,000 shares of the business’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 value of $10,642,000.00. Following the completion of the sale, the executive vice president now directly owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CMO Takeshi Numoto sold 322 shares of the stock in a transaction that occurred on Friday, May 31st. The stock was sold at an average price of $416.60, for a total transaction of $134,145.20. Following the sale, the chief marketing officer now directly owns 47,255 shares in the company, valued at approximately $19,686,433. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $44,674,690.32. The disclosure for this sale can be found here. Insiders have sold a total of 25,566 shares of company stock valued at $10,877,535 in the last quarter. Insiders own 0.03% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the stock. DA Davidson reissued a “buy” rating and issued a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. New Street Research assumed coverage on Microsoft in a research note on Monday, June 10th. They set a “buy” rating and a $570.00 price target on the stock. Macquarie raised their price objective on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a report on Friday, May 17th. Truist Financial reiterated a “buy” rating and issued a $600.00 target price on shares of Microsoft in a research note on Monday, June 17th. Finally, Evercore ISI raised their price target on Microsoft from $475.00 to $485.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $467.12.

Check Out Our Latest Report on MSFT

Microsoft Stock Performance

Microsoft stock opened at $466.24 on Tuesday. Microsoft Co. has a 52 week low of $309.45 and a 52 week high of $468.35. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.47 trillion, a P/E ratio of 40.37, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89. The stock has a 50 day moving average of $431.03 and a 200-day moving average of $413.99.

Microsoft (NASDAQ:MSFTGet Free Report) last posted its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating 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 net margin of 36.43% and a return on equity of 37.54%. The firm’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.45 EPS. On average, analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

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

Microsoft Company 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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