Microsoft Corporation (NASDAQ:MSFT) Shares Bought by Rovin Capital UT ADV

Rovin Capital UT ADV boosted its position in shares of Microsoft Corporation (NASDAQ:MSFT) by 14.1% in the first quarter, according to the company in its most recent filing with the SEC. The firm owned 7,560 shares of the software giant’s stock after acquiring an additional 932 shares during the quarter. Microsoft comprises about 0.9% of Rovin Capital UT ADV’s portfolio, making the stock its 28th largest position. Rovin Capital UT ADV’s holdings in Microsoft were worth $2,838,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in MSFT. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the 4th quarter valued at about $31,000. Newton One Investments LLC raised its stake in shares of Microsoft by 66.7% during the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after buying an additional 30 shares during the last quarter. LSV Asset Management purchased a new position in shares of Microsoft during the 4th quarter valued at about $44,000. Fairway Wealth LLC purchased a new position in shares of Microsoft during the 4th quarter valued at about $62,000. Finally, IFS Advisors LLC increased its stake in shares of Microsoft by 50.0% in the 1st 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. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Trading Up 0.4%

MSFT opened at $522.48 on Friday. The stock has a market capitalization of $3.88 trillion, a PE ratio of 38.30, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a one year low of $344.79 and a one year high of $555.45. The business’s 50 day moving average price is $501.60 and its 200 day moving average price is $440.51.

Microsoft (NASDAQ:MSFT) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.35 by $0.30. The company had revenue of $76.44 billion for 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%. The firm’s quarterly revenue was up 18.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.95 earnings per share. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently disclosed 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 currently 24.34%.

Insider Transactions at Microsoft

In related news, EVP Judson Althoff sold 16,000 shares of the 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 transaction, the executive vice president owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Takeshi Numoto sold 4,850 shares of the company’s stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares of the company’s stock, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 46,350 shares of company stock valued at $21,493,447. 0.03% of the stock is currently owned by company insiders.

Analyst Ratings Changes

MSFT has been the subject of several recent analyst reports. Sanford C. Bernstein lifted their price target on Microsoft from $540.00 to $637.00 and gave the company an “outperform” rating in a research note on Thursday, July 31st. Jefferies Financial Group boosted their price objective on Microsoft from $600.00 to $675.00 and gave the stock a “buy” rating in a research note on Thursday, July 31st. BMO Capital Markets boosted their price objective on Microsoft from $550.00 to $650.00 and gave the stock an “outperform” rating in a research note on Thursday, July 31st. UBS Group reiterated a “buy” rating and set a $650.00 price objective (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Finally, Morgan Stanley boosted their price objective on Microsoft from $530.00 to $582.00 and gave the stock an “overweight” rating in a research note on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, Microsoft currently has an average rating of “Moderate Buy” and a consensus price target of $609.86.

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.