Hutchens & Kramer Investment Management Group LLC Sells 179 Shares of Microsoft Corporation (NASDAQ:MSFT)

Hutchens & Kramer Investment Management Group LLC lessened its position in Microsoft Corporation (NASDAQ:MSFT) by 2.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,535 shares of the software giant’s stock after selling 179 shares during the quarter. Microsoft accounts for 1.6% of Hutchens & Kramer Investment Management Group LLC’s portfolio, making the stock its 13th largest position. Hutchens & Kramer Investment Management Group LLC’s holdings in Microsoft were worth $2,828,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in MSFT. Newton One Investments LLC grew its holdings in shares of Microsoft by 66.7% in the first quarter. Newton One Investments LLC now owns 75 shares of the software giant’s stock worth $28,000 after purchasing an additional 30 shares during the last quarter. Ball & Co Wealth Management Inc. bought a new stake in shares of Microsoft in the fourth quarter valued at about $31,000. LSV Asset Management bought a new stake in shares of Microsoft in the fourth quarter valued at about $44,000. IFS Advisors LLC raised its holdings in shares of Microsoft by 50.0% in the first quarter. IFS Advisors LLC now owns 150 shares of the software giant’s stock valued at $57,000 after acquiring an additional 50 shares in the last quarter. Finally, Fairway Wealth LLC bought a new stake in shares of Microsoft in the fourth quarter valued at about $62,000. Institutional investors own 71.13% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. KeyCorp upgraded Microsoft from a “sector weight” rating to an “overweight” rating and set a $630.00 price objective for the company in a report on Thursday, July 31st. Benchmark restated a “buy” rating on shares of Microsoft in a report on Thursday, May 1st. JPMorgan Chase & Co. lifted their price objective on Microsoft from $465.00 to $475.00 and gave the company an “overweight” rating in a report on Thursday, May 1st. Royal Bank Of Canada lifted their price objective on Microsoft from $525.00 to $640.00 and gave the company an “outperform” rating in a report on Thursday, July 31st. Finally, Scotiabank raised their price objective on Microsoft from $500.00 to $650.00 and gave the company a “sector outperform” rating in a research report on Thursday, July 31st. Two research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $609.86.

Insider Activity

In other Microsoft news, EVP Kathleen T. Hogan sold 21,500 shares of the company’s stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Amy Coleman sold 13,243 shares of the company’s stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $452.01, for a total transaction of $5,985,968.43. Following the completion of the transaction, the executive vice president owned 43,100 shares of the company’s stock, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,743 shares of company stock worth $24,921,913. 0.03% of the stock is currently owned by insiders.

Microsoft Price Performance

Shares of MSFT opened at $521.77 on Tuesday. The business’s 50-day moving average is $498.05 and its two-hundred day moving average is $438.72. The company has a market capitalization of $3.88 trillion, a P/E ratio of 38.25, a P/E/G ratio of 2.29 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm’s revenue for the quarter was up 18.1% compared to the same quarter last year. During the same period last year, the firm earned $2.95 EPS. Research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

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 given a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.6%. Microsoft’s dividend payout ratio is 24.34%.

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.