Microsoft Corporation (NASDAQ:MSFT) Stock Holdings Lowered by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC reduced its holdings in Microsoft Corporation (NASDAQ:MSFT) by 0.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 32,250 shares of the software giant’s stock after selling 124 shares during the period. Microsoft comprises 2.6% of Tyche Wealth Partners LLC’s holdings, making the stock its 6th biggest position. Tyche Wealth Partners LLC’s holdings in Microsoft were worth $12,106,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Newton One Investments LLC lifted its stake in shares of Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares during the period. Ball & Co Wealth Management Inc. acquired a new position in shares of Microsoft in the 4th quarter valued at $31,000. LSV Asset Management acquired a new position in shares of Microsoft in the 4th quarter valued at $44,000. IFS Advisors LLC lifted its holdings in Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC purchased a new position in Microsoft during the fourth quarter valued at $62,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on MSFT shares. Wall Street Zen raised shares of Microsoft from a “hold” rating to a “buy” rating in a report on Saturday. Loop Capital increased their target price on Microsoft from $550.00 to $600.00 and gave the company a “buy” rating in a report on Thursday, July 24th. Needham & Company LLC reissued a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. Piper Sandler increased their target price on Microsoft from $600.00 to $650.00 and gave the company an “overweight” rating in a report on Thursday, July 31st. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $609.86.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the transaction, the executive vice president directly owned 43,100 shares of the company’s stock, valued at $19,481,631. The trade was a 23.50% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction 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. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company’s stock.

Microsoft Stock Down 1.5%

MSFT stock opened at $527.75 on Wednesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $555.45. The company’s 50 day moving average is $492.99 and its two-hundred day moving average is $436.40. The stock has a market cap of $3.92 trillion, a P/E ratio of 38.69, a PEG ratio of 2.34 and a beta of 1.06.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion for the quarter, compared to analysts’ expectations of $73.79 billion. During the same quarter last year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is presently 24.34%.

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.