Microsoft Corporation (NASDAQ:MSFT) Shares Purchased by Hillman Co.

Hillman Co. lifted its holdings in shares of Microsoft Corporation (NASDAQ:MSFT) by 42.4% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 80,136 shares of the software giant’s stock after purchasing an additional 23,847 shares during the period. Microsoft accounts for 11.4% of Hillman Co.’s holdings, making the stock its 2nd biggest holding. Hillman Co.’s holdings in Microsoft were worth $30,082,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Fosun International Ltd grew its stake in Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant’s stock worth $2,490,000 after purchasing an additional 23 shares during the period. Retirement Financial Solutions LLC lifted its stake in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant’s stock valued at $443,000 after buying an additional 24 shares during the period. Kuhn & Co Investment Counsel boosted its holdings in shares of Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant’s stock worth $1,385,000 after buying an additional 25 shares in the last quarter. Alliance Wealth Management Group grew its position in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant’s stock worth $2,368,000 after buying an additional 25 shares during the period. Finally, Guidance Point Advisors LLC increased its stake in shares of Microsoft by 0.6% in the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant’s stock valued at $1,811,000 after acquiring an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company’s stock.

Microsoft Price Performance

NASDAQ MSFT opened at $520.58 on Thursday. The company has a market cap of $3.87 trillion, a PE ratio of 38.17, a price-to-earnings-growth ratio of 2.32 and a beta of 1.06. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45. 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’s 50-day simple moving average is $500.51 and its two-hundred day simple moving average is $439.91.

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

Microsoft Dividend Announcement

The business 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 is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft’s dividend payout ratio is currently 24.34%.

Wall Street Analyst Weigh In

MSFT has been the subject of several research analyst reports. UBS Group reiterated a “buy” rating and issued a $650.00 price objective (up previously from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. BMO Capital Markets lifted their price objective on shares of Microsoft from $550.00 to $650.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Wedbush lifted their price objective on shares of Microsoft from $600.00 to $625.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Cantor Fitzgerald lifted their price objective on shares of Microsoft from $581.00 to $639.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Raymond James Financial lifted their price objective on shares of Microsoft from $490.00 to $570.00 and gave the company an “outperform” rating in a research note on Monday, July 28th. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $609.86.

Insider Activity

In other news, EVP Judson Althoff sold 16,000 shares of the company’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total value of $2,557,502.00. Following the sale, the executive vice president owned 39,111 shares in the company, valued at approximately $20,624,012.52. This represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 46,350 shares of company stock worth $21,493,447 over the last ninety days. Company insiders own 0.03% of the company’s stock.

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.