IRON Financial LLC Sells 49 Shares of Microsoft Corporation (NASDAQ:MSFT)

IRON Financial LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT) by 0.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,185 shares of the software giant’s stock after selling 49 shares during the quarter. Microsoft comprises 1.5% of IRON Financial LLC’s portfolio, making the stock its 16th biggest position. IRON Financial LLC’s holdings in Microsoft were worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of Microsoft during the 4th quarter valued at about $44,343,058,000. GAMMA Investing LLC raised its position in Microsoft by 40,290.4% in the 1st quarter. GAMMA Investing LLC now owns 46,695,303 shares of the software giant’s stock valued at $17,528,950,000 after buying an additional 46,579,693 shares during the last quarter. Proficio Capital Partners LLC raised its position in Microsoft by 34,643.3% in the 4th quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant’s stock valued at $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp raised its position in Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant’s stock valued at $35,316,535,000 after buying an additional 11,600,470 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in Microsoft by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant’s stock valued at $288,336,224,000 after purchasing an additional 10,431,988 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms have weighed in on MSFT. Oppenheimer raised their price target on Microsoft from $600.00 to $630.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Bank of America increased their target price on Microsoft from $585.00 to $640.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. Piper Sandler increased their target price on Microsoft from $600.00 to $650.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. UBS Group reissued a “buy” rating and set a $650.00 price target (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Finally, Scotiabank increased 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. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $609.86.

Insider Activity

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of Microsoft stock in a transaction on Monday, May 19th. The shares were 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 directly owned 98,010 shares of the company’s stock, valued at approximately $44,906,221.80. The trade was a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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 sale, the executive vice president directly owned 134,888 shares of the company’s stock, valued at approximately $61,208,127.76. This trade represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock worth $24,921,913 in the last three months. Corporate insiders own 0.03% of the company’s stock.

Microsoft Price Performance

MSFT stock opened at $529.24 on Wednesday. The firm has a market cap of $3.93 trillion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 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 $555.45. The company’s fifty day simple moving average is $499.37 and its 200 day simple moving average is $439.35.

Microsoft (NASDAQ:MSFT) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. Microsoft’s revenue for the quarter was up 18.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.95 earnings per share. On average, analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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

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.