Profit Investment Management LLC Has $1.99 Million Position in Microsoft Co. (NASDAQ:MSFT)

Profit Investment Management LLC decreased its position in shares of Microsoft Co. (NASDAQ:MSFT) by 1.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 4,725 shares of the software giant’s stock after selling 58 shares during the period. Profit Investment Management LLC’s holdings in Microsoft were worth $1,988,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in MSFT. Financial Security Advisor Inc. increased its position in Microsoft by 1.7% during the 4th quarter. Financial Security Advisor Inc. now owns 27,270 shares of the software giant’s stock worth $10,255,000 after purchasing an additional 452 shares in the last quarter. Gunderson Capital Management Inc. increased its holdings in shares of Microsoft by 0.7% during the fourth quarter. Gunderson Capital Management Inc. now owns 24,887 shares of the software giant’s stock worth $9,359,000 after buying an additional 185 shares in the last quarter. Rappaport Reiches Capital Management LLC lifted its stake in shares of Microsoft by 14.9% in the 4th quarter. Rappaport Reiches Capital Management LLC now owns 8,213 shares of the software giant’s stock valued at $3,089,000 after acquiring an additional 1,067 shares during the last quarter. Bayesian Capital Management LP boosted its holdings in shares of Microsoft by 60.1% during the 4th quarter. Bayesian Capital Management LP now owns 48,500 shares of the software giant’s stock valued at $18,238,000 after acquiring an additional 18,200 shares in the last quarter. Finally, RNC Capital Management LLC grew its position in Microsoft by 10.4% during the 4th quarter. RNC Capital Management LLC now owns 69,053 shares of the software giant’s stock worth $25,967,000 after acquiring an additional 6,484 shares during the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now directly owns 104,949 shares of the company’s stock, valued at $44,674,690.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Microsoft news, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $425.68, for a total value of $10,642,000.00. Following the completion of the transaction, the executive vice president now owns 104,949 shares in the company, valued at approximately $44,674,690.32. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CMO Takeshi Numoto sold 244 shares of the company’s stock in a transaction that occurred on Monday, June 3rd. The stock was sold at an average price of $415.53, for a total transaction of $101,389.32. Following the sale, the chief marketing officer now directly owns 47,011 shares in the company, valued at approximately $19,534,480.83. The disclosure for this sale can be found here. In the last ninety days, insiders sold 25,566 shares of company stock valued at $10,877,535. Company insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.3 %

MSFT opened at $452.16 on Thursday. The company’s 50-day moving average price is $421.37 and its two-hundred day moving average price is $408.52. The company has a quick ratio of 1.23, a current ratio of 1.24 and a debt-to-equity ratio of 0.17. Microsoft Co. has a twelve month low of $309.45 and a twelve month high of $453.60. The stock has a market cap of $3.36 trillion, a price-to-earnings ratio of 39.15, a PEG ratio of 2.38 and a beta of 0.89.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings data on Thursday, April 25th. The software giant reported $2.94 earnings per share for the quarter, beating the consensus estimate of $2.81 by $0.13. The business had revenue of $61.86 billion during the quarter, compared to analyst estimates of $60.86 billion. Microsoft had a return on equity of 37.54% and a net margin of 36.43%. Microsoft’s revenue was up 17.0% compared to the same quarter last year. During the same period in the prior year, the company earned $2.45 earnings per share. As a group, equities analysts expect that Microsoft Co. will post 11.77 earnings per share for the current year.

Microsoft Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 12th. Investors of record on Thursday, August 15th will be paid a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 15th. Microsoft’s payout ratio is currently 25.97%.

Analyst Ratings Changes

MSFT has been the subject of several research reports. Jefferies Financial Group increased their target price on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a research report on Monday, April 1st. Royal Bank of Canada reiterated an “outperform” rating and set a $500.00 target price on shares of Microsoft in a research report on Friday, May 24th. Wedbush restated an “outperform” rating and issued a $500.00 price target on shares of Microsoft in a research report on Wednesday, May 22nd. Morgan Stanley lifted their price target on shares of Microsoft from $465.00 to $520.00 and gave the stock an “overweight” rating in a report on Thursday, April 11th. Finally, Piper Sandler restated an “overweight” rating and issued a $465.00 price objective (up from $455.00) on shares of Microsoft in a report on Friday, April 26th. Three analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $467.12.

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.