Microsoft Co. (NASDAQ:MSFT) Shares Sold by PFS Partners LLC

PFS Partners LLC lessened its stake in Microsoft Co. (NASDAQ:MSFT) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,713 shares of the software giant’s stock after selling 34 shares during the quarter. Microsoft accounts for about 0.5% of PFS Partners LLC’s portfolio, making the stock its 23rd largest holding. PFS Partners LLC’s holdings in Microsoft were worth $721,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of MSFT. Sandbar Asset Management LLP purchased a new position in shares of Microsoft in the 3rd quarter valued at about $242,000. Matthew 25 Management Corp grew its position in shares of Microsoft by 26.7% in the third quarter. Matthew 25 Management Corp now owns 19,000 shares of the software giant’s stock valued at $5,999,000 after purchasing an additional 4,000 shares in the last quarter. Glynn Capital Management LLC grew its position in shares of Microsoft by 48.3% in the third quarter. Glynn Capital Management LLC now owns 76,884 shares of the software giant’s stock valued at $24,276,000 after purchasing an additional 25,048 shares in the last quarter. Bbjs Financial Advisors LLC grew its position in shares of Microsoft by 2,777.8% in the third quarter. Bbjs Financial Advisors LLC now owns 1,036 shares of the software giant’s stock valued at $327,000 after purchasing an additional 1,000 shares in the last quarter. Finally, Pring Turner Capital Group Inc. lifted its holdings in Microsoft by 2.3% in the third quarter. Pring Turner Capital Group Inc. now owns 9,959 shares of the software giant’s stock valued at $3,145,000 after acquiring an additional 223 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI upped their price objective on Microsoft from $475.00 to $485.00 and gave the company an “outperform” rating in a report on Friday, April 26th. Jefferies Financial Group upped their price objective on Microsoft from $465.00 to $550.00 and gave the company a “buy” rating in a report on Monday, April 1st. Oppenheimer upped their price objective on Microsoft from $450.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, June 7th. Morgan Stanley upped their price objective on Microsoft from $465.00 to $520.00 and gave the company an “overweight” rating in a report on Thursday, April 11th. Finally, Macquarie upped their price target on Microsoft from $460.00 to $475.00 and gave the stock an “outperform” rating in a research note on Friday, May 17th. Three research analysts have rated the stock with a hold rating and thirty-three have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $467.12.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 244 shares of Microsoft stock in a transaction dated 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 owns 47,011 shares in the company, valued at $19,534,480.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, CMO Takeshi Numoto sold 244 shares of the business’s stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $415.53, for a total value of $101,389.32. Following the transaction, the chief marketing officer now owns 47,011 shares in the company, valued at approximately $19,534,480.83. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Judson Althoff sold 25,000 shares of the business’s stock in a transaction dated Thursday, May 23rd. The shares were 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 disclosure for this sale can be found here. Over the last 90 days, insiders have sold 25,566 shares of company stock worth $10,877,535. Corporate insiders own 0.03% of the company’s stock.

Microsoft Stock Up 0.3 %

Microsoft stock opened at $460.77 on Friday. Microsoft Co. has a 1-year low of $309.45 and a 1-year high of $461.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.24 and a quick ratio of 1.23. The stock has a market cap of $3.42 trillion, a PE ratio of 39.89, a P/E/G ratio of 2.16 and a beta of 0.89. The stock’s fifty day moving average is $427.29 and its two-hundred day moving average is $411.76.

Microsoft (NASDAQ:MSFT) last posted its earnings results on Thursday, April 25th. The software giant reported $2.94 EPS for the quarter, topping 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 business had revenue of $61.86 billion for the quarter, compared to analysts’ expectations of $60.86 billion. During the same quarter in the previous year, the firm earned $2.45 earnings per share. The business’s revenue was up 17.0% compared to the same quarter last year. On average, sell-side analysts expect that Microsoft Co. will post 11.77 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 12th. Stockholders of record on Thursday, August 15th will be given a dividend of $0.75 per share. This represents a $3.00 dividend on an annualized basis and a dividend yield of 0.65%. The ex-dividend date is Thursday, August 15th. Microsoft’s dividend payout ratio (DPR) is currently 25.97%.

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.