Proffitt & Goodson Inc. Has $4.08 Million Holdings in Microsoft Corporation $MSFT

Proffitt & Goodson Inc. lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 0.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 10,880 shares of the software giant’s stock after selling 102 shares during the period. Microsoft makes up about 0.7% of Proffitt & Goodson Inc.’s holdings, making the stock its 22nd largest position. Proffitt & Goodson Inc.’s holdings in Microsoft were worth $4,084,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. NORTHSTAR ASSET MANAGEMENT Co LLC grew its stake in Microsoft by 0.3% in the first quarter. NORTHSTAR ASSET MANAGEMENT Co LLC now owns 31,059 shares of the software giant’s stock valued at $11,659,000 after acquiring an additional 84 shares during the period. Vickerman Investment Advisors Inc. boosted its position in shares of Microsoft by 23.8% during the first quarter. Vickerman Investment Advisors Inc. now owns 14,950 shares of the software giant’s stock valued at $5,612,000 after buying an additional 2,878 shares during the last quarter. Olistico Wealth LLC boosted its position in shares of Microsoft by 12.5% during the first quarter. Olistico Wealth LLC now owns 7,492 shares of the software giant’s stock valued at $2,813,000 after buying an additional 834 shares during the last quarter. Summit Financial Consulting LLC purchased a new position in shares of Microsoft during the first quarter valued at approximately $841,000. Finally, Whelan Financial boosted its position in shares of Microsoft by 20.5% during the first quarter. Whelan Financial now owns 8,184 shares of the software giant’s stock valued at $3,072,000 after buying an additional 1,391 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of several analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Microsoft in a research report on Thursday, May 1st. Wells Fargo & Company reaffirmed an “overweight” rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. TD Securities lifted their target price on Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, May 1st. Morgan Stanley lifted their target price on Microsoft from $530.00 to $582.00 and gave the company an “overweight” rating in a research report on Thursday, July 31st. Finally, TD Cowen lifted their target price on Microsoft from $580.00 to $640.00 and gave the company a “buy” rating in a research report on Thursday, July 31st. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $612.54.

Insider Buying and Selling at Microsoft

In other news, EVP Takeshi Numoto sold 4,850 shares of Microsoft stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president directly owned 39,111 shares in the company, valued at approximately $20,624,012.52. The trade was a 11.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 8,850 shares of company stock valued at $4,406,512 in the last three months. 0.03% of the stock is currently owned by insiders.

Microsoft Stock Performance

Shares of Microsoft stock opened at $504.24 on Friday. The business’s fifty day simple moving average is $505.43 and its 200 day simple moving average is $443.45. The firm has a market capitalization of $3.75 trillion, a P/E ratio of 36.97, a price-to-earnings-growth ratio of 2.21 and a beta of 1.06. Microsoft Corporation has a 12 month low of $344.79 and a 12 month high of $555.45. 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 (NASDAQ:MSFT) last issued 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 firm 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 business’s revenue was up 18.1% on a year-over-year basis. During the same period in the previous year, the company posted $2.95 earnings per share. Microsoft has set its Q1 2026 guidance at EPS. As a group, analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.7%. 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.