Microsoft Co. (NASDAQ:MSFT) Shares Sold by Frisch Financial Group Inc.

Frisch Financial Group Inc. decreased its holdings in shares of Microsoft Co. (NASDAQ:MSFT) by 1.6% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 22,828 shares of the software giant’s stock after selling 361 shares during the period. Microsoft comprises approximately 3.0% of Frisch Financial Group Inc.’s portfolio, making the stock its 13th biggest holding. Frisch Financial Group Inc.’s holdings in Microsoft were worth $9,823,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Clarity Asset Management Inc. boosted its holdings in shares of Microsoft by 10.0% during the third quarter. Clarity Asset Management Inc. now owns 1,052 shares of the software giant’s stock worth $453,000 after purchasing an additional 96 shares during the period. Brophy Wealth Management LLC bought a new position in Microsoft during the third quarter worth $9,709,000. Vestcor Inc increased its position in Microsoft by 3.3% during the third quarter. Vestcor Inc now owns 221,830 shares of the software giant’s stock worth $95,453,000 after acquiring an additional 7,188 shares during the period. High Falls Advisors Inc boosted its stake in Microsoft by 1.6% during the third quarter. High Falls Advisors Inc now owns 8,427 shares of the software giant’s stock worth $3,626,000 after buying an additional 129 shares in the last quarter. Finally, Conway Capital Management Inc. acquired a new stake in Microsoft during the third quarter worth $4,637,000. Institutional investors own 71.13% of the company’s stock.

Insider Activity

In other news, CMO Takeshi Numoto sold 2,500 shares of Microsoft stock in a transaction dated Monday, December 9th. The stock was sold at an average price of $447.41, for a total transaction of $1,118,525.00. Following the sale, the chief marketing officer now directly owns 49,352 shares of the company’s stock, valued at approximately $22,080,578.32. This trade represents a 4.82 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Friday, November 22nd. The stock was sold at an average price of $417.00, for a total value of $10,425,000.00. Following the transaction, the executive vice president now owns 117,294 shares of the company’s stock, valued at $48,911,598. This trade represents a 17.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 34,000 shares of company stock valued at $14,333,540. 0.03% of the stock is currently owned by corporate insiders.

Microsoft Stock Performance

MSFT opened at $411.44 on Wednesday. The firm has a market cap of $3.06 trillion, a P/E ratio of 33.13, a price-to-earnings-growth ratio of 2.21 and a beta of 0.90. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. The business’s fifty day moving average is $431.07 and its 200-day moving average is $423.29.

Microsoft (NASDAQ:MSFT) last released its quarterly earnings data on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, beating the consensus estimate of $3.15 by $0.08. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. During the same period last year, the firm earned $2.93 EPS. Sell-side analysts expect that Microsoft Co. will post 13.07 EPS for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders of record on Thursday, February 20th will be paid a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s payout ratio is 26.73%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on MSFT shares. Loop Capital boosted their target price on shares of Microsoft from $500.00 to $550.00 and gave the company a “buy” rating in a research note on Monday, December 23rd. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research note on Thursday, January 30th. StockNews.com upgraded Microsoft from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Mizuho reduced their price target on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday, January 30th. Finally, Guggenheim reissued a “neutral” rating on shares of Microsoft in a report on Friday, January 24th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. According to data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $510.96.

About Microsoft

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.