OMC Financial Services LTD trimmed its holdings in shares of Microsoft Corporation (NASDAQ:MSFT – Free Report) by 0.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,612 shares of the software giant’s stock after selling 29 shares during the quarter. Microsoft comprises 4.1% of OMC Financial Services LTD’s portfolio, making the stock its 7th biggest holding. OMC Financial Services LTD’s holdings in Microsoft were worth $9,239,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Newton One Investments LLC grew its position in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock valued at $28,000 after purchasing an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. acquired a new stake in shares of Microsoft in the fourth quarter valued at about $31,000. LSV Asset Management acquired a new stake in shares of Microsoft in the fourth quarter valued at about $44,000. IFS Advisors LLC grew its position in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after purchasing an additional 50 shares during the last quarter. Finally, Fairway Wealth LLC acquired a new stake in shares of Microsoft in the fourth quarter valued at about $62,000. 71.13% of the stock is owned by institutional investors and hedge funds.
Microsoft Stock Down 0.6%
NASDAQ MSFT opened at $504.26 on Tuesday. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12. The stock’s 50 day moving average is $506.58 and its two-hundred day moving average is $445.18. The company has a market capitalization of $3.75 trillion, a price-to-earnings ratio of 36.97, a PEG ratio of 2.22 and a beta of 1.06. Microsoft Corporation has a 1-year low of $344.79 and a 1-year high of $555.45.
Microsoft Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft’s payout ratio is presently 24.34%.
Insider Activity at Microsoft
In other news, EVP Takeshi Numoto sold 4,850 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president directly owned 39,111 shares of the company’s stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last 90 days, insiders sold 8,850 shares of company stock valued at $4,406,512. 0.03% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several equities research analysts recently weighed in on MSFT shares. TD Securities increased their target price on shares of Microsoft from $475.00 to $490.00 and gave the company a “buy” rating in a research note on Thursday, May 1st. Cantor Fitzgerald increased their target price 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. The Goldman Sachs Group increased their target price on shares of Microsoft from $480.00 to $550.00 and gave the company a “buy” rating in a research note on Wednesday, May 21st. Morgan Stanley increased their target price on shares of Microsoft from $530.00 to $582.00 and gave the company an “overweight” rating in a research note on Thursday, July 31st. Finally, Jefferies Financial Group increased their target price on shares of Microsoft from $600.00 to $675.00 and gave the company a “buy” rating in a research note on Thursday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Microsoft has an average rating of “Moderate Buy” and an average price target of $612.54.
View Our Latest Stock Report on Microsoft
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.
Further Reading
- Five stocks we like better than Microsoft
- REIT Stocks – Best REIT Stocks to Add to Your Portfolio Today
- 3 Biotech Catalysts Present Major Opportunity
- Using the MarketBeat Stock Split Calculator
- 3 Cheap Stocks That Shouldn’t Be This Low
- Which Wall Street Analysts are the Most Accurate?
- Why Sprouts Farmers Market is Buying $1 Billion of Its Own Stock
Want to see what other hedge funds are holding MSFT? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Microsoft Corporation (NASDAQ:MSFT – Free Report).
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.