PFS Partners LLC Sells 91 Shares of Microsoft Co. (NASDAQ:MSFT)

PFS Partners LLC lowered its position in shares of Microsoft Co. (NASDAQ:MSFT) by 5.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,747 shares of the software giant’s stock after selling 91 shares during the period. Microsoft comprises about 0.4% of PFS Partners LLC’s portfolio, making the stock its 24th biggest position. PFS Partners LLC’s holdings in Microsoft were worth $657,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Iron Horse Wealth Management LLC raised its position in Microsoft by 89.0% during the 3rd 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 raised its stake in Microsoft by 13.6% during the third 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. lifted its holdings in Microsoft by 647.8% in the fourth 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 acquired a new stake in Microsoft during the 4th quarter worth about $146,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $409.34 on Wednesday. The company has a current ratio of 1.24, a quick ratio of 1.23 and a debt-to-equity ratio of 0.17. The business’s 50 day simple moving average is $413.84 and its 200 day simple moving average is $392.05. Microsoft Co. has a 12 month low of $306.09 and a 12 month high of $430.82. The company has a market cap of $3.04 trillion, a price-to-earnings ratio of 35.44, a PEG ratio of 2.15 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, beating analysts’ consensus estimates of $2.81 by $0.13. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. The firm had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the prior year, the firm earned $2.45 EPS. The business’s revenue for the quarter was up 17.0% compared to the same quarter last year. Sell-side analysts forecast that Microsoft Co. will post 11.76 EPS 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 paid a $0.75 dividend. The ex-dividend date of this dividend is Wednesday, May 15th. This represents a $3.00 annualized dividend and a dividend yield of 0.73%. Microsoft’s payout ratio is 25.97%.

Insider Activity

In related news, EVP Kathleen T. Hogan sold 21,955 shares of Microsoft stock in a transaction that occurred 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 completion of the transaction, the executive vice president now directly owns 159,764 shares in the company, valued at approximately $64,538,265.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, major shareholder Corp Microsoft sold 1,000,000 shares of the business’s stock in a transaction 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 sale, 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 accessible through the SEC website. Also, EVP Kathleen T. Hogan sold 21,955 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the executive vice president now owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The disclosure for this sale can be found here. Insiders own 0.03% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Royal Bank of Canada boosted their price objective on Microsoft from $415.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Jefferies Financial Group raised their price target on shares of Microsoft from $465.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, April 1st. DA Davidson reissued a “buy” rating and set a $500.00 price objective on shares of Microsoft in a research report on Friday, March 15th. KeyCorp assumed coverage on Microsoft in a research note on Thursday, March 21st. They issued an “overweight” rating and a $490.00 target price for the company. Finally, Sanford C. Bernstein upped their price target on Microsoft from $465.00 to $489.00 and gave the stock an “outperform” rating in a research note on Friday, April 26th. Three investment analysts have rated the stock with a hold rating and thirty-two have given a buy rating to the company. According to data from MarketBeat.com, Microsoft presently has an average rating of “Moderate Buy” and a consensus target price of $452.61.

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.