Vivid Wealth Management LLC Sells 297 Shares of Microsoft Corporation (NASDAQ:MSFT)

Vivid Wealth Management LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 4.1% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 6,923 shares of the software giant’s stock after selling 297 shares during the period. Microsoft comprises approximately 1.3% of Vivid Wealth Management LLC’s holdings, making the stock its 23rd biggest holding. Vivid Wealth Management LLC’s holdings in Microsoft were worth $2,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. acquired a new position in Microsoft during the 4th quarter worth approximately $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft in the fourth quarter valued at about $38,000. LSV Asset Management acquired a new stake in shares of Microsoft during the fourth quarter valued at about $44,000. IFS Advisors LLC lifted its stake in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC bought a new stake in Microsoft in the fourth quarter worth approximately $62,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Insider Buying and Selling at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm’s stock in a transaction on Wednesday, May 21st. The stock was 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 owned 134,888 shares of the company’s stock, valued at $61,208,127.76. This trade represents a 13.75% decrease in their position. 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 company insiders.

Microsoft Stock Performance

NASDAQ:MSFT opened at $510.06 on Tuesday. The stock has a 50-day simple moving average of $477.78 and a two-hundred day simple moving average of $428.61. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $514.64. 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 firm has a market capitalization of $3.79 trillion, a PE ratio of 39.42, a P/E/G ratio of 2.32 and a beta of 1.04.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts’ consensus estimates of $3.22 by $0.24. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same period in the prior year, the company earned $2.94 earnings per share. The firm’s revenue was up 13.3% on a year-over-year basis. Analysts forecast that Microsoft Corporation will post 13.08 EPS 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 given a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.65%. Microsoft’s dividend payout ratio (DPR) is presently 25.66%.

Wall Street Analysts Forecast Growth

MSFT has been the subject of several recent research reports. UBS Group reiterated a “positive” rating on shares of Microsoft in a report on Monday, June 30th. Wedbush upped their price objective on Microsoft from $515.00 to $600.00 and gave the company an “outperform” rating in a research note on Wednesday, June 25th. Morgan Stanley restated an “overweight” rating and issued a $530.00 price objective (up previously from $482.00) on shares of Microsoft in a research note on Thursday, June 26th. Royal Bank Of Canada restated an “outperform” rating and issued a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Finally, Evercore ISI set a $515.00 price objective on Microsoft and gave the company an “outperform” rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $543.79.

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.