Microsoft Co. (NASDAQ:MSFT) Shares Sold by Tsfg LLC

Tsfg LLC trimmed its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 0.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,166 shares of the software giant’s stock after selling 91 shares during the period. Microsoft comprises about 1.2% of Tsfg LLC’s holdings, making the stock its 21st biggest position. Tsfg LLC’s holdings in Microsoft were worth $3,823,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of MSFT. FMR LLC lifted its position in shares of Microsoft by 2.7% during the 3rd quarter. FMR LLC now owns 215,874,152 shares of the software giant’s stock valued at $68,162,263,000 after acquiring an additional 5,762,902 shares during the period. Barclays PLC raised its position in shares of Microsoft by 9.3% during the 3rd quarter. Barclays PLC now owns 28,987,007 shares of the software giant’s stock worth $9,152,647,000 after purchasing an additional 2,456,190 shares during the last quarter. AEGON ASSET MANAGEMENT UK Plc acquired a new position in shares of Microsoft during the 4th quarter worth approximately $679,928,000. California Public Employees Retirement System raised its position in shares of Microsoft by 9.2% during the 3rd quarter. California Public Employees Retirement System now owns 21,375,375 shares of the software giant’s stock worth $6,749,275,000 after purchasing an additional 1,796,956 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in shares of Microsoft by 243.6% during the 3rd quarter. PineStone Asset Management Inc. now owns 2,151,555 shares of the software giant’s stock worth $679,353,000 after purchasing an additional 1,525,367 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently issued reports on MSFT shares. Morgan Stanley lifted their price objective on Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a research report on Thursday, April 11th. Truist Financial restated a “buy” rating and set a $600.00 price objective on shares of Microsoft in a research report on Monday, March 25th. Wedbush restated an “outperform” rating and set a $500.00 price objective on shares of Microsoft in a research report on Wednesday, April 10th. Wells Fargo & Company lifted their price objective on Microsoft from $460.00 to $480.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 17th. Finally, Raymond James boosted their price target on Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a report on Wednesday, January 31st. Four investment analysts have rated the stock with a hold rating and thirty-five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $434.05.

Microsoft Stock Down 2.4 %

Shares of Microsoft stock opened at $399.04 on Friday. The company has a fifty day moving average price of $414.44 and a 200 day moving average price of $387.17. The company has a current ratio of 1.22, a quick ratio of 1.20 and a debt-to-equity ratio of 0.19. Microsoft Co. has a twelve month low of $292.73 and a twelve month high of $430.82. The stock has a market cap of $2.97 trillion, a price-to-earnings ratio of 36.08, a price-to-earnings-growth ratio of 2.20 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share for the quarter, topping analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a net margin of 36.27% and a return on equity of 38.40%. The firm had revenue of $62.02 billion during the quarter, compared to analysts’ expectations of $61.14 billion. During the same period in the prior year, the company earned $2.32 EPS. The firm’s revenue was up 17.6% on a year-over-year basis. Equities research analysts forecast that Microsoft Co. will post 11.61 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 13th. Shareholders of record on Thursday, May 16th will be issued a $0.75 dividend. The ex-dividend date is Wednesday, May 15th. This represents a $3.00 dividend on an annualized basis and a yield of 0.75%. Microsoft’s dividend payout ratio is currently 27.12%.

Insiders Place Their Bets

In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Microsoft news, EVP Kathleen T. Hogan sold 21,955 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the transaction, the executive vice president now owns 159,764 shares in the company, valued at approximately $64,538,265.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bradford L. Smith sold 45,000 shares of the business’s stock in a transaction on Friday, February 2nd. The stock was sold at an average price of $411.78, for a total transaction of $18,530,100.00. Following the completion of the transaction, the insider now owns 574,129 shares in the company, valued at approximately $236,414,839.62. The disclosure for this sale can be found here. Insiders have sold 1,070,258 shares of company stock worth $30,690,456 in the last quarter. 0.03% of the stock is owned by corporate insiders.

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.