Microsoft Co. (NASDAQ:MSFT) Shares Sold by Greylin Investment Management Inc

Greylin Investment Management Inc reduced its stake in shares of Microsoft Co. (NASDAQ:MSFT) by 7.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 650 shares of the software giant’s stock after selling 50 shares during the period. Greylin Investment Management Inc’s holdings in Microsoft were worth $244,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of MSFT. Iron Horse Wealth Management LLC lifted its stake in Microsoft by 89.0% during the third quarter. Iron Horse Wealth Management LLC now owns 223 shares of the software giant’s stock worth $70,000 after purchasing an additional 105 shares during the last quarter. Authentikos Wealth Advisory LLC acquired a new stake in shares of Microsoft during the third quarter worth $87,000. Family CFO Inc lifted its position in shares of Microsoft by 13.6% in the 3rd quarter. Family CFO Inc now owns 359 shares of the software giant’s stock worth $113,000 after buying an additional 43 shares during the last quarter. Cordant Inc. boosted its holdings in shares of Microsoft by 647.8% in the 4th quarter. Cordant Inc. now owns 344 shares of the software giant’s stock valued at $129,000 after buying an additional 298 shares during the period. Finally, Life Planning Partners Inc bought a new stake in shares of Microsoft during the 4th quarter valued at about $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

MSFT has been the subject of a number of research reports. Wells Fargo & Company lifted their target price on Microsoft from $480.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, April 26th. Sanford C. Bernstein upped their price objective on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. BNP Paribas raised shares of Microsoft from a “neutral” rating to an “outperform” rating and set a $471.00 price target for the company in a report on Thursday, January 18th. JPMorgan Chase & Co. increased their price objective on shares of Microsoft from $440.00 to $470.00 and gave the stock an “overweight” rating in a report on Friday, April 26th. Finally, Truist Financial reissued a “buy” rating and set a $600.00 target price on shares of Microsoft in a research note on Monday, March 25th. Three investment analysts have rated the stock with a hold rating and thirty-two have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $452.61.

Insider Buying and Selling at Microsoft

In other news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the transaction, the insider now directly owns 11,677,398 shares in the company, valued at approximately $22,770,926.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, EVP Kathleen T. Hogan sold 21,955 shares of the stock in a transaction that occurred on Monday, March 11th. The stock was 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 $64,538,265.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $1.95, for a total transaction of $1,950,000.00. Following the completion of the sale, the insider now directly owns 11,677,398 shares of the company’s stock, valued at $22,770,926.10. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,025,258 shares of company stock worth $12,160,356. 0.03% of the stock is currently owned by company insiders.

Microsoft Trading Up 2.2 %

Shares of MSFT opened at $406.66 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. Microsoft Co. has a 1-year low of $303.40 and a 1-year high of $430.82. The stock has a market capitalization of $3.02 trillion, a P/E ratio of 35.21, a P/E/G ratio of 2.10 and a beta of 0.89. The business’s 50-day moving average price is $413.68 and its 200 day moving average price is $390.05.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a net margin of 36.43% and a return on equity of 37.54%. The business had revenue of $61.86 billion for the quarter, compared to analyst estimates of $60.86 billion. During the same quarter in the previous year, the business earned $2.45 earnings per share. The firm’s revenue was up 17.0% compared to the same quarter last year. Analysts expect that Microsoft Co. will post 11.76 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 13th. Stockholders 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 dividend yield of 0.74%. Microsoft’s dividend payout ratio is 25.97%.

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.