Presidio Capital Management LLC Lowers Stock Position in Microsoft Corporation (NASDAQ:MSFT)

Presidio Capital Management LLC cut its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 15.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 2,722 shares of the software giant’s stock after selling 501 shares during the period. Microsoft accounts for 0.4% of Presidio Capital Management LLC’s holdings, making the stock its 24th biggest position. Presidio Capital Management LLC’s holdings in Microsoft were worth $1,022,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. IVC Wealth Advisors LLC boosted its holdings in Microsoft by 41.4% during the first quarter. IVC Wealth Advisors LLC now owns 3,867 shares of the software giant’s stock worth $1,452,000 after buying an additional 1,133 shares in the last quarter. Marion Wealth Management boosted its holdings in Microsoft by 1.0% during the first quarter. Marion Wealth Management now owns 15,390 shares of the software giant’s stock worth $5,777,000 after buying an additional 148 shares in the last quarter. Catalyst Private Wealth LLC lifted its holdings in Microsoft by 3.2% during the first quarter. Catalyst Private Wealth LLC now owns 4,403 shares of the software giant’s stock valued at $1,653,000 after purchasing an additional 137 shares in the last quarter. Beese Fulmer Investment Management Inc. lifted its holdings in Microsoft by 1.6% during the first quarter. Beese Fulmer Investment Management Inc. now owns 134,422 shares of the software giant’s stock valued at $50,461,000 after purchasing an additional 2,066 shares in the last quarter. Finally, Fulcrum Capital LLC lifted its holdings in Microsoft by 7.1% during the first quarter. Fulcrum Capital LLC now owns 78,705 shares of the software giant’s stock valued at $29,545,000 after purchasing an additional 5,186 shares in the last quarter. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Takeshi Numoto sold 1,000 shares of the business’s stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the sale, the executive vice president now directly owns 47,058 shares of the company’s stock, valued at approximately $21,647,150.58. The trade was a 2.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president now directly owns 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company’s stock.

Analysts Set New Price Targets

MSFT has been the topic of several recent analyst reports. Westpark Capital reaffirmed a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Wells Fargo & Company increased their price objective on shares of Microsoft from $565.00 to $585.00 and gave the company an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Wedbush increased their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Barclays increased their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $521.14.

Microsoft Price Performance

Shares of MSFT stock opened at $497.45 on Friday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The firm’s 50-day moving average is $446.90 and its two-hundred day moving average is $421.75. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $498.04. The company has a market capitalization of $3.70 trillion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03.

Microsoft (NASDAQ:MSFT) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 for the quarter, compared to the consensus estimate of $68.54 billion. During the same period in the previous year, the firm earned $2.94 earnings per share. Microsoft’s quarterly revenue was up 13.3% compared to the same quarter last year. Analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

About Microsoft

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.