Tuttle Capital Management LLC Has $480,000 Holdings in Microsoft Corporation (NASDAQ:MSFT)

Tuttle Capital Management LLC grew its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 40.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,280 shares of the software giant’s stock after purchasing an additional 370 shares during the period. Microsoft comprises 2.3% of Tuttle Capital Management LLC’s holdings, making the stock its 21st largest holding. Tuttle Capital Management LLC’s holdings in Microsoft were worth $480,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in MSFT. Fortis Advisors LLC raised its stake in shares of Microsoft by 6.4% during the first quarter. Fortis Advisors LLC now owns 2,577 shares of the software giant’s stock valued at $967,000 after acquiring an additional 154 shares during the last quarter. Asio Capital LLC raised its stake in shares of Microsoft by 2.4% during the first quarter. Asio Capital LLC now owns 31,791 shares of the software giant’s stock valued at $11,934,000 after acquiring an additional 751 shares during the last quarter. Hengehold Capital Management LLC raised its stake in Microsoft by 0.4% during the first quarter. Hengehold Capital Management LLC now owns 20,275 shares of the software giant’s stock worth $7,611,000 after buying an additional 90 shares during the last quarter. Life Planning Partners Inc raised its stake in Microsoft by 9.4% during the first quarter. Life Planning Partners Inc now owns 591 shares of the software giant’s stock worth $222,000 after buying an additional 51 shares during the last quarter. Finally, James Hambro & Partners LLP raised its stake in Microsoft by 3.2% during the first quarter. James Hambro & Partners LLP now owns 377,153 shares of the software giant’s stock worth $141,380,000 after buying an additional 11,653 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Transactions at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the sale, the insider owned 471,036 shares in the company, valued at approximately $204,038,664.12. This represents a 1.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction that occurred on 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 sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last quarter. Company insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on MSFT shares. Oppenheimer raised shares of Microsoft from a “market perform” rating to an “outperform” rating and set a $600.00 price target for the company in a research note on Wednesday, July 9th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $525.00 price target on shares of Microsoft in a research note on Friday, May 23rd. Cantor Fitzgerald reiterated an “overweight” rating and set a $581.00 price objective (up from $512.00) on shares of Microsoft in a report on Wednesday. Stifel Nicolaus lifted their price objective on shares of Microsoft from $475.00 to $500.00 and gave the company a “buy” rating in a report on Thursday, May 1st. Finally, Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the stock. According to data from MarketBeat, Microsoft presently has an average rating of “Moderate Buy” and a consensus price target of $541.79.

Microsoft Stock Down 0.3%

NASDAQ:MSFT opened at $510.05 on Friday. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $514.64. The company has a 50-day moving average of $477.78 and a 200 day moving average of $428.54. The firm has a market cap of $3.79 trillion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 2.32 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.

Microsoft (NASDAQ:MSFT) last announced its earnings results 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 business had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The firm’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the company posted $2.94 earnings per share. As a group, research analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Announces Dividend

The business 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. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is currently 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.