Microsoft Co. (NASDAQ:MSFT) Shares Sold by Total Investment Management Inc.

Total Investment Management Inc. reduced its holdings in Microsoft Co. (NASDAQ:MSFT) by 29.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,655 shares of the software giant’s stock after selling 697 shares during the period. Total Investment Management Inc.’s holdings in Microsoft were worth $712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Christopher J. Hasenberg Inc boosted its position in Microsoft by 169.2% in the 2nd quarter. Christopher J. Hasenberg Inc now owns 70 shares of the software giant’s stock worth $31,000 after purchasing an additional 44 shares in the last quarter. Quarry LP acquired a new position in shares of Microsoft in the 2nd quarter valued at $45,000. Innealta Capital LLC purchased a new stake in Microsoft during the second quarter worth $75,000. Carolina Wealth Advisors LLC grew its position in Microsoft by 10.1% during the third quarter. Carolina Wealth Advisors LLC now owns 338 shares of the software giant’s stock valued at $145,000 after buying an additional 31 shares during the period. Finally, MayTech Global Investments LLC purchased a new position in Microsoft in the second quarter valued at $200,000. Institutional investors and hedge funds own 71.13% of the company’s stock.

Microsoft Price Performance

Microsoft stock opened at $429.03 on Friday. The company has a current ratio of 1.30, a quick ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $429.19 and a 200 day moving average price of $426.57. Microsoft Co. has a 12-month low of $385.58 and a 12-month high of $468.35. The stock has a market cap of $3.19 trillion, a P/E ratio of 35.40, a PEG ratio of 2.22 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last announced its quarterly earnings results on Wednesday, October 30th. The software giant reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.10 by $0.20. Microsoft had a net margin of 35.61% and a return on equity of 34.56%. The business had revenue of $65.59 billion during the quarter, compared to the consensus estimate of $64.57 billion. During the same quarter last year, the firm earned $2.99 EPS. The business’s revenue was up 16.0% compared to the same quarter last year. Sell-side analysts anticipate that Microsoft Co. will post 12.92 earnings per share for the current year.

Microsoft Dividend Announcement

The firm 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 $0.83 dividend. This represents a $3.32 annualized dividend and a dividend yield of 0.77%. The ex-dividend date is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 27.39%.

Analyst Upgrades and Downgrades

MSFT has been the topic of several recent analyst reports. Oppenheimer lowered shares of Microsoft from an “outperform” rating to a “market perform” rating in a research note on Tuesday, October 8th. TD Cowen lowered their price target on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Wells Fargo & Company restated a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. The Goldman Sachs Group decreased their target price on Microsoft from $515.00 to $500.00 and set a “buy” rating on the stock in a research report on Thursday, October 10th. Finally, JPMorgan Chase & Co. cut their price target on shares of Microsoft from $470.00 to $465.00 and set an “overweight” rating for the company in a report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-eight have given a buy rating to the stock. Based on data from MarketBeat, Microsoft currently has an average rating of “Moderate Buy” and a consensus target price of $511.53.

Insider Activity

In other news, EVP Christopher David Young sold 7,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 12th. The shares were sold at an average price of $423.66, for a total value of $3,050,352.00. Following the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. This represents a 6.51 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CMO Takeshi Numoto sold 1,000 shares of Microsoft stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $414.72, for a total transaction of $414,720.00. Following the completion of the sale, the chief marketing officer now owns 57,511 shares of the company’s stock, valued at $23,850,961.92. This trade represents a 1.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 41,200 shares of company stock valued at $17,383,892 in the last quarter. Insiders own 0.03% of the company’s stock.

Microsoft 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.