Retirement Financial Solutions LLC Sells 429 Shares of Microsoft Corporation (NASDAQ:MSFT)

Retirement Financial Solutions LLC reduced its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 40.9% in the first quarter, according to its most recent filing with the SEC. The fund owned 621 shares of the software giant’s stock after selling 429 shares during the period. Retirement Financial Solutions LLC’s holdings in Microsoft were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in MSFT. Tritonpoint Wealth LLC increased its stake in Microsoft by 0.6% during the 1st quarter. Tritonpoint Wealth LLC now owns 84,261 shares of the software giant’s stock worth $31,631,000 after buying an additional 540 shares in the last quarter. Matauro LLC raised its stake in shares of Microsoft by 43.6% in the first quarter. Matauro LLC now owns 11,341 shares of the software giant’s stock valued at $4,257,000 after acquiring an additional 3,443 shares in the last quarter. BNC Wealth Management LLC raised its stake in Microsoft by 1.9% in the first quarter. BNC Wealth Management LLC now owns 37,821 shares of the software giant’s stock valued at $14,198,000 after buying an additional 712 shares in the last quarter. Azzad Asset Management Inc. ADV purchased a new position in shares of Microsoft during the first quarter worth about $26,041,000. Finally, Goldstone Financial Group LLC grew its holdings in shares of Microsoft by 18.1% during the first quarter. Goldstone Financial Group LLC now owns 9,194 shares of the software giant’s stock worth $3,451,000 after purchasing an additional 1,406 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Microsoft Price Performance

NASDAQ:MSFT opened at $511.70 on Friday. The stock has a 50 day moving average price of $476.35 and a 200 day moving average price of $427.88. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. The stock has a market cap of $3.80 trillion, a PE ratio of 39.54, a P/E/G ratio of 2.30 and a beta of 1.04. Microsoft Corporation has a one year low of $344.79 and a one year high of $513.37.

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

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s dividend payout ratio (DPR) is 25.66%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on MSFT shares. Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Cantor Fitzgerald restated an “overweight” rating and issued a $581.00 target price (up previously from $512.00) on shares of Microsoft in a research note on Wednesday. Scotiabank upped their target price on shares of Microsoft from $470.00 to $500.00 and gave the stock a “sector outperform” rating in a research report on Thursday, May 1st. The Goldman Sachs Group raised their target price on shares of Microsoft from $480.00 to $550.00 and gave the stock a “buy” rating in a report on Wednesday, May 21st. Finally, Raymond James Financial increased their target price on shares of Microsoft from $480.00 to $490.00 and gave the stock an “outperform” rating in a research report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company’s stock. According to data from MarketBeat, Microsoft has a consensus rating of “Moderate Buy” and an average target price of $538.04.

Insiders Place Their Bets

In related news, EVP Amy Coleman sold 13,243 shares of the business’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 transaction of $5,985,968.43. Following the sale, the executive vice president owned 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares in the company, valued at $61,208,127.76. This represents a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 135,743 shares of company stock worth $60,224,683. Corporate insiders own 0.03% of the company’s stock.

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.