Truvestments Capital LLC Buys 309 Shares of Microsoft Co. (NASDAQ:MSFT)

Truvestments Capital LLC raised its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 2.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 15,864 shares of the software giant’s stock after buying an additional 309 shares during the quarter. Microsoft comprises about 1.7% of Truvestments Capital LLC’s investment portfolio, making the stock its 6th biggest position. Truvestments Capital LLC’s holdings in Microsoft were worth $6,687,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of MSFT. Proficio Capital Partners LLC raised its position in Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after purchasing an additional 16,788,816 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Microsoft by 76.6% during the fourth quarter. Assenagon Asset Management S.A. now owns 10,532,402 shares of the software giant’s stock worth $4,439,407,000 after purchasing an additional 4,568,539 shares during the period. Geode Capital Management LLC raised its position in Microsoft by 2.0% during the third quarter. Geode Capital Management LLC now owns 165,024,812 shares of the software giant’s stock valued at $70,790,682,000 after buying an additional 3,264,648 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Microsoft by 4.1% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 54,590,791 shares of the software giant’s stock valued at $23,490,417,000 after purchasing an additional 2,125,030 shares in the last quarter. Finally, Strategic Financial Concepts LLC grew its stake in Microsoft by 43,900.4% in the fourth quarter. Strategic Financial Concepts LLC now owns 2,042,499 shares of the software giant’s stock valued at $860,913,000 after purchasing an additional 2,037,857 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.3%

Shares of MSFT stock opened at $454.27 on Monday. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.38 trillion, a P/E ratio of 36.58, a price-to-earnings-growth ratio of 2.21 and a beta of 0.99. The stock has a 50 day simple moving average of $395.33 and a 200 day simple moving average of $412.34. Microsoft Co. has a 1 year low of $344.79 and a 1 year high of $468.35.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating the consensus estimate of $3.22 by $0.24. Microsoft had a net margin of 35.43% and a return on equity of 33.36%. The business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the business earned $2.94 earnings per share. The company’s revenue was up 13.3% on a year-over-year basis. On average, research analysts predict that Microsoft Co. will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be issued a dividend of $0.83 per share. The ex-dividend date is Thursday, May 15th. This represents a $3.32 annualized dividend and a dividend yield of 0.73%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Analysts Set New Price Targets

MSFT has been the subject of several recent analyst reports. Cantor Fitzgerald upped their price target on Microsoft from $502.00 to $512.00 and gave the stock an “overweight” rating in a research note on Thursday, May 1st. JPMorgan Chase & Co. increased their target price on Microsoft from $465.00 to $475.00 and gave the stock an “overweight” rating in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on Microsoft from $500.00 to $515.00 and gave the company an “overweight” rating in a research report on Thursday, May 1st. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Finally, Tigress Financial lifted their price target on Microsoft from $550.00 to $595.00 and gave the company a “buy” rating in a research note on Thursday, March 20th. Five investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.30.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company’s stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the sale, the insider now owns 476,999 shares of the company’s stock, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the transaction, the executive vice president now directly owns 43,100 shares in the company, valued at $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 94,243 shares of company stock worth $41,288,738. Corporate insiders own 0.03% of the company’s stock.

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.