Microsoft Corporation (NASDAQ:MSFT) is Jackson Square Capital LLC’s 5th Largest Position

Jackson Square Capital LLC trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 31.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 36,311 shares of the software giant’s stock after selling 16,418 shares during the quarter. Microsoft comprises about 4.4% of Jackson Square Capital LLC’s investment portfolio, making the stock its 5th largest holding. Jackson Square Capital LLC’s holdings in Microsoft were worth $13,631,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of MSFT. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at about $31,000. Fiduciary Advisors Inc. purchased a new stake in shares of Microsoft during the fourth quarter valued at about $38,000. LSV Asset Management purchased a new stake in shares of Microsoft during the fourth quarter valued at about $44,000. IFS Advisors LLC lifted its position in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after buying an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC purchased a new stake in shares of Microsoft during the fourth quarter valued at about $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on 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 owned 43,100 shares in the company, valued at $19,481,631. The trade was a 23.50% 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 Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction on 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 owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company’s stock.

Microsoft Trading Down 0.0%

Shares of NASDAQ:MSFT opened at $505.62 on Thursday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $508.30. The firm has a market capitalization of $3.76 trillion, a price-to-earnings ratio of 39.07, a price-to-earnings-growth ratio of 2.30 and a beta of 1.04. 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 business’s 50 day moving average price is $474.88 and its 200-day moving average price is $427.28.

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

Microsoft Announces Dividend

The company also recently disclosed 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. Microsoft’s payout ratio is currently 25.66%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on MSFT shares. Westpark Capital restated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Wall Street Zen downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a report on Monday, June 30th. DA Davidson upped their price objective on shares of Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Needham & Company LLC restated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Citigroup upped their price objective on shares of Microsoft from $540.00 to $605.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Four investment analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $538.04.

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.