Prairiewood Capital LLC Sells 42 Shares of Microsoft Corporation (NASDAQ:MSFT)

Prairiewood Capital LLC lowered its position in Microsoft Corporation (NASDAQ:MSFT) by 1.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,324 shares of the software giant’s stock after selling 42 shares during the period. Microsoft makes up approximately 0.7% of Prairiewood Capital LLC’s investment portfolio, making the stock its 25th biggest holding. Prairiewood Capital LLC’s holdings in Microsoft were worth $1,623,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the company. Newton One Investments LLC increased its position in shares of Microsoft by 66.7% during the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after acquiring an additional 30 shares during the period. Ball & Co Wealth Management Inc. purchased a new position in shares of Microsoft during the fourth quarter worth approximately $31,000. LSV Asset Management purchased a new position in shares of Microsoft during the fourth quarter worth approximately $44,000. IFS Advisors LLC increased its position in shares of Microsoft by 50.0% during the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock worth $57,000 after acquiring an additional 50 shares during the period. Finally, Fairway Wealth LLC purchased a new position in shares of Microsoft during the fourth quarter worth approximately $62,000. Institutional investors own 71.13% of the company’s stock.

Analyst Ratings Changes

MSFT has been the topic of a number of research reports. Wells Fargo & Company reaffirmed an “overweight” rating and set a $650.00 target price (up from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Bank of America lifted their price objective on shares of Microsoft from $585.00 to $640.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Thursday, May 1st. BMO Capital Markets lifted their price objective on shares of Microsoft from $550.00 to $650.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, DA Davidson lifted their price objective on shares of Microsoft from $600.00 to $650.00 and gave the company a “buy” rating in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $609.86.

Microsoft Trading Down 1.6%

NASDAQ MSFT opened at $520.58 on Thursday. The company has a market capitalization of $3.87 trillion, a PE ratio of 38.17, a P/E/G ratio of 2.32 and a beta of 1.06. The company has a fifty day moving average of $500.51 and a 200 day moving average of $439.91. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, beating analysts’ consensus estimates of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion during the quarter, compared to analysts’ expectations of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. The firm’s revenue for the quarter was up 18.1% on a year-over-year basis. Research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. Microsoft’s payout ratio is presently 24.34%.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of the business’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares of the company’s stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Judson Althoff sold 16,000 shares of the business’s stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the sale, the executive vice president directly owned 98,010 shares of the company’s stock, valued at $44,906,221.80. This represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 46,350 shares of company stock valued at $21,493,447. Corporate insiders own 0.03% of the company’s stock.

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.