Yoffe Investment Management LLC Makes New Investment in Microsoft Corporation (NASDAQ:MSFT)

Yoffe Investment Management LLC bought a new stake in shares of Microsoft Corporation (NASDAQ:MSFT) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,200 shares of the software giant’s stock, valued at approximately $1,770,000. Microsoft comprises 2.5% of Yoffe Investment Management LLC’s investment portfolio, making the stock its 4th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Muirfield Wealth Advisors LLC grew its stake in Microsoft by 0.5% during the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant’s stock worth $1,866,000 after buying an additional 24 shares during the last quarter. Retirement Financial Solutions LLC increased its holdings in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock worth $443,000 after acquiring an additional 24 shares in the last quarter. Sterling Group Wealth Management LLC lifted its position in Microsoft by 0.5% in the 4th quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant’s stock valued at $2,335,000 after acquiring an additional 25 shares in the last quarter. Kuhn & Co Investment Counsel grew its stake in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after acquiring an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group increased its position in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after purchasing an additional 25 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the firm’s stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president now owns 43,930 shares of the company’s stock, valued at $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Bradford L. Smith sold 6,000 shares of the firm’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider now directly owns 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 135,743 shares of company stock worth $60,224,683 over the last quarter. 0.03% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

MSFT has been the subject of several research analyst reports. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. The Goldman Sachs Group lifted their price target on shares of Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Piper Sandler restated an “overweight” rating on shares of Microsoft in a research report on Wednesday, May 21st. Mizuho increased their target price on Microsoft from $475.00 to $500.00 and gave the stock an “outperform” rating in a report on Thursday, May 1st. Finally, Cantor Fitzgerald increased their price objective on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a research note on Thursday, May 1st. Five analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average target price of $515.68.

Microsoft Stock Performance

Microsoft stock opened at $477.40 on Friday. The stock has a market cap of $3.55 trillion, a P/E ratio of 36.89, a price-to-earnings-growth ratio of 2.44 and a beta of 1.03. The firm’s fifty day moving average price is $437.84 and its 200-day moving average price is $420.47. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $483.46.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the business posted $2.94 earnings per share. Microsoft’s revenue for the quarter was up 13.3% on a year-over-year basis. On average, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is 25.66%.

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.