Microsoft Corporation (NASDAQ:MSFT) is Tritonpoint Wealth LLC’s 4th Largest Position

Tritonpoint Wealth LLC boosted its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 84,261 shares of the software giant’s stock after acquiring an additional 540 shares during the quarter. Microsoft comprises approximately 3.0% of Tritonpoint Wealth LLC’s portfolio, making the stock its 4th biggest holding. Tritonpoint Wealth LLC’s holdings in Microsoft were worth $31,631,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Adamsbrown Wealth Consultants LLC increased its position in Microsoft by 2.2% during the 4th quarter. Adamsbrown Wealth Consultants LLC now owns 5,967 shares of the software giant’s stock worth $2,515,000 after purchasing an additional 130 shares in the last quarter. Mcdaniel Terry & Co. increased its position in Microsoft by 6.1% during the 4th quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. 1900 Wealth Management LLC increased its position in Microsoft by 3.0% during the 4th quarter. 1900 Wealth Management LLC now owns 10,140 shares of the software giant’s stock worth $4,274,000 after purchasing an additional 294 shares in the last quarter. Strategic Financial Services Inc. increased its position in Microsoft by 7.8% during the 4th quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Elevate Wealth Advisory Inc. increased its position in Microsoft by 147.9% during the 4th quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Insider Buying and Selling

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction that occurred 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 directly owned 43,930 shares of the company’s stock, valued at $20,339,590. This represents a 6.39% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the completion of the transaction, the executive vice president directly owned 98,010 shares in the company, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 135,743 shares of company stock worth $60,224,683 over the last 90 days. 0.03% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several analysts have commented on MSFT shares. Raymond James Financial lifted their price target on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. DA Davidson lifted their price target on Microsoft from $500.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Wedbush lifted their price target on Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, June 25th. Evercore ISI set a $515.00 price target on Microsoft and gave the company an “outperform” rating in a report on Wednesday, May 21st. Finally, Westpark Capital restated a “hold” rating on shares of Microsoft in a report on Thursday, May 1st. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $538.04.

Microsoft Stock Down 0.0%

NASDAQ MSFT opened at $505.62 on Thursday. The stock has a market cap of $3.76 trillion, a PE ratio of 39.07, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $508.30. The business has a 50 day moving average price of $474.88 and a two-hundred day moving average price of $427.28. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT) 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. As a group, sell-side analysts predict that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio 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.