Microsoft Co. (NASDAQ:MSFT) Stock Holdings Cut by Fairscale Capital LLC

Fairscale Capital LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT) by 3.2% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,227 shares of the software giant’s stock after selling 272 shares during the period. Microsoft makes up about 3.1% of Fairscale Capital LLC’s holdings, making the stock its 7th largest holding. Fairscale Capital LLC’s holdings in Microsoft were worth $3,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Truepoint Inc. raised its holdings in shares of Microsoft by 47.1% in the 3rd quarter. Truepoint Inc. now owns 7,538 shares of the software giant’s stock valued at $3,244,000 after purchasing an additional 2,413 shares in the last quarter. Jim Saulnier & Associates LLC purchased a new position in Microsoft during the 3rd quarter worth approximately $538,000. Algert Global LLC purchased a new position in Microsoft during the 3rd quarter worth $25,586,000. CMG Global Holdings LLC increased its position in Microsoft by 3.2% in the 3rd quarter. CMG Global Holdings LLC now owns 7,161 shares of the software giant’s stock valued at $3,081,000 after acquiring an additional 225 shares during the period. Finally, Kingsview Wealth Management LLC raised its stake in shares of Microsoft by 0.9% during the third quarter. Kingsview Wealth Management LLC now owns 210,505 shares of the software giant’s stock worth $90,580,000 after purchasing an additional 1,871 shares during the last quarter. 71.13% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

MSFT has been the subject of a number of analyst reports. DA Davidson reissued a “neutral” rating and set a $425.00 target price on shares of Microsoft in a research note on Thursday. StockNews.com raised shares of Microsoft from a “hold” rating to a “buy” rating in a research note on Wednesday, January 22nd. Loop Capital lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a “buy” rating in a report on Monday, December 23rd. Mizuho lowered their price objective on Microsoft from $510.00 to $500.00 and set an “outperform” rating for the company in a research report on Thursday. Finally, BMO Capital Markets dropped their price target on shares of Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $509.72.

Insider Buying and Selling

In other news, EVP Christopher David Young sold 7,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 12th. The stock was sold at an average price of $423.66, for a total transaction of $3,050,352.00. Following the completion of the transaction, the executive vice president now directly owns 103,366 shares in the company, valued at approximately $43,792,039.56. The trade was a 6.51 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Judson Althoff sold 25,000 shares of the stock in a transaction on 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 completion of the transaction, the executive vice president now directly owns 117,294 shares of the company’s stock, valued at approximately $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 41,200 shares of company stock valued at $17,383,892. Insiders own 0.03% of the company’s stock.

Microsoft Stock Performance

Shares of MSFT opened at $414.99 on Friday. Microsoft Co. has a 52-week low of $385.58 and a 52-week high of $468.35. The company has a quick ratio of 1.29, a current ratio of 1.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $3.09 trillion, a price-to-earnings ratio of 34.24, a PEG ratio of 2.40 and a beta of 0.90. The business’s 50 day moving average is $432.55 and its two-hundred day moving average is $424.95.

Microsoft (NASDAQ:MSFT) last posted its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 EPS for the quarter, topping analysts’ consensus estimates of $3.15 by $0.08. Microsoft had a return on equity of 34.56% and a net margin of 35.61%. During the same period in the prior year, the business earned $2.93 earnings per share. Analysts forecast that Microsoft Co. will post 12.9 EPS for the current fiscal year.

Microsoft Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, February 20th. This represents a $3.32 annualized dividend and a yield of 0.80%. Microsoft’s dividend payout ratio (DPR) is 26.73%.

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.