HT Partners LLC Sells 160 Shares of Microsoft Corporation (NASDAQ:MSFT)

HT Partners LLC decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 1.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,136 shares of the software giant’s stock after selling 160 shares during the quarter. Microsoft comprises approximately 1.2% of HT Partners LLC’s holdings, making the stock its 12th largest position. HT Partners LLC’s holdings in Microsoft were worth $3,429,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock worth $288,336,224,000 after acquiring an additional 10,431,988 shares during the period. Geode Capital Management LLC lifted its position in shares of Microsoft by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant’s stock worth $70,720,874,000 after acquiring an additional 3,103,212 shares during the period. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter worth approximately $44,343,058,000. Northern Trust Corp lifted its position in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant’s stock worth $25,273,704,000 after acquiring an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of Microsoft stock in a transaction dated 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 completion of the transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction dated Monday, May 19th. The stock was 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 of the company’s stock, valued at approximately $44,906,221.80. This trade represents a 14.03% 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 worth $60,224,683. 0.03% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on MSFT. Bank of America boosted their price target on Microsoft from $515.00 to $585.00 and gave the company a “buy” rating in a research note on Friday. The Goldman Sachs Group boosted their price target on Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Raymond James Financial boosted their price target on Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a research note on Thursday, May 1st. KeyCorp reaffirmed a “sector weight” rating on shares of Microsoft in a research note on Thursday, April 17th. Finally, UBS Group reaffirmed a “positive” rating on shares of Microsoft in a research note on Monday, June 30th. Four analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and an average target price of $541.79.

Microsoft Price Performance

NASDAQ:MSFT opened at $510.05 on Friday. The firm has a market capitalization of $3.79 trillion, a price-to-earnings ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04. 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 Corporation has a 12-month low of $344.79 and a 12-month high of $514.64. The stock’s 50 day moving average price is $477.78 and its two-hundred day moving average price is $428.54.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts’ consensus estimates of $3.22 by $0.24. The firm 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 company’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $2.94 EPS. On average, analysts anticipate that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders 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 yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft’s payout ratio is presently 25.66%.

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.