Sky Investment Group LLC lifted its position in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.9% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 88,316 shares of the software giant’s stock after buying an additional 749 shares during the quarter. Microsoft makes up about 6.1% of Sky Investment Group LLC’s holdings, making the stock its largest position. Sky Investment Group LLC’s holdings in Microsoft were worth $33,153,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Ball & Co Wealth Management Inc. acquired a new position in Microsoft in the 4th quarter valued at about $31,000. Fiduciary Advisors Inc. acquired a new position in Microsoft in the 4th quarter valued at about $38,000. LSV Asset Management acquired a new position in Microsoft in the 4th quarter valued at about $44,000. IFS Advisors LLC raised its stake in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new position in Microsoft in the 4th quarter valued at about $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.
Analyst Upgrades and Downgrades
A number of research firms have recently commented on MSFT. Wedbush upped their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Cantor Fitzgerald boosted their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Evercore ISI set a $515.00 price target on shares of Microsoft and gave the stock an “outperform” rating in a research note on Wednesday, May 21st. Guggenheim reiterated a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Jefferies Financial Group boosted their price objective on shares of Microsoft from $475.00 to $550.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the stock. According to data from MarketBeat, Microsoft currently has a consensus rating of “Moderate Buy” and a consensus price target of $534.14.
Microsoft Stock Down 0.1%
Shares of NASDAQ:MSFT opened at $503.02 on Tuesday. The stock has a market capitalization of $3.74 trillion, a P/E ratio of 38.87, a PEG ratio of 2.28 and a beta of 1.04. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $506.78. The stock has a 50-day simple moving average of $471.98 and a 200-day simple moving average of $426.18. 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 (NASDAQ:MSFT – Get Free Report) last released its quarterly 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. The firm had revenue of $70.07 billion during the quarter, compared to analysts’ expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 EPS. Equities analysts forecast 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. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio is presently 25.66%.
Insider Transactions at Microsoft
In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $463.00, for a total value of $1,389,000.00. Following the transaction, the executive vice president owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is owned by corporate insiders.
Microsoft 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.
See Also
- Five stocks we like better than Microsoft
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- These 3 Undervalued Stocks Could Surge as Value Rotation Nears
- Low PE Growth Stocks: Unlocking Investment Opportunities
- Tilray Shares Blazing: What’s Behind the 55% Rally This Month?
- Investing in Construction Stocks
- 3 Retail Stocks to Watch as Back-to-School Spending Ramps Up
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.