TigerOak Management L.L.C. Decreases Stake in Microsoft Corporation (NASDAQ:MSFT)

TigerOak Management L.L.C. cut its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 43,809 shares of the software giant’s stock after selling 387 shares during the quarter. Microsoft makes up about 6.3% of TigerOak Management L.L.C.’s investment portfolio, making the stock its 6th biggest position. TigerOak Management L.L.C.’s holdings in Microsoft were worth $16,445,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of MSFT. Brady Martz Wealth Solutions LLC increased its holdings in shares of Microsoft by 1.4% in the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant’s stock worth $2,496,000 after purchasing an additional 95 shares during the last quarter. Mcdaniel Terry & Co. increased its holdings in shares of Microsoft by 6.1% in the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant’s stock worth $133,023,000 after purchasing an additional 18,052 shares during the last quarter. Strategic Financial Services Inc. increased its holdings in shares of Microsoft by 7.8% in the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant’s stock worth $7,345,000 after purchasing an additional 1,268 shares during the last quarter. Elevate Wealth Advisory Inc. increased its holdings in shares of Microsoft by 147.9% in the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant’s stock worth $737,000 after purchasing an additional 1,043 shares during the last quarter. Finally, Intellus Advisors LLC bought a new stake in shares of Microsoft in the fourth quarter worth about $16,075,000. 71.13% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Evercore ISI lifted their price target on Microsoft from $515.00 to $545.00 and gave the stock an “outperform” rating in a research report on Friday, July 25th. Cantor Fitzgerald lifted their price target on Microsoft from $581.00 to $639.00 and gave the stock an “overweight” rating in a research report on Thursday, July 31st. Loop Capital lifted their price target on Microsoft from $550.00 to $600.00 and gave the stock a “buy” rating in a research report on Thursday, July 24th. Scotiabank lifted their price target on Microsoft from $500.00 to $650.00 and gave the stock a “sector outperform” rating in a research report on Thursday, July 31st. Finally, Needham & Company LLC reiterated a “buy” rating on shares of Microsoft in a research report on Thursday, May 1st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $609.86.

Microsoft Stock Down 1.5%

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

Microsoft (NASDAQ:MSFT) last posted its earnings results 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. The company had revenue of $76.44 billion during the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. Microsoft’s revenue was up 18.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.95 earnings per share. On average, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Takeshi Numoto sold 3,000 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares of the company’s stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was 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 in the company, valued at approximately $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 54,743 shares of company stock valued at $24,921,913. Company 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.