True Vision MN LLC Sells 170 Shares of Microsoft Co. (NASDAQ:MSFT)

True Vision MN LLC cut its stake in Microsoft Co. (NASDAQ:MSFT) by 12.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,164 shares of the software giant’s stock after selling 170 shares during the period. True Vision MN LLC’s holdings in Microsoft were worth $501,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in MSFT. WFA Asset Management Corp lifted its stake in Microsoft by 27.0% in the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock worth $427,000 after acquiring an additional 216 shares during the period. Ironwood Wealth Management LLC. lifted its stake in Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock worth $5,658,000 after acquiring an additional 38 shares during the period. Nicholas Investment Partners LP lifted its stake in Microsoft by 3.0% in the second quarter. Nicholas Investment Partners LP now owns 39,743 shares of the software giant’s stock worth $17,763,000 after acquiring an additional 1,164 shares during the period. Ameritas Advisory Services LLC lifted its stake in Microsoft by 2.5% in the second quarter. Ameritas Advisory Services LLC now owns 84,346 shares of the software giant’s stock worth $37,698,000 after acquiring an additional 2,024 shares during the period. Finally, Lazard Freres Gestion S.A.S. lifted its stake in Microsoft by 2.8% in the second quarter. Lazard Freres Gestion S.A.S. now owns 968,000 shares of the software giant’s stock worth $421,899,000 after acquiring an additional 26,024 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Insider Transactions at Microsoft

In other news, CMO Takeshi Numoto sold 1,000 shares of the firm’s 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Judson Althoff sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $417.00, for a total transaction of $10,425,000.00. Following the sale, the executive vice president now directly owns 117,294 shares in the company, valued at $48,911,598. The trade was a 17.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 41,200 shares of company stock valued at $17,383,892 in the last 90 days. 0.03% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. KeyCorp upped their price objective on shares of Microsoft from $490.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, October 18th. Truist Financial reaffirmed a “buy” rating and issued a $600.00 price objective on shares of Microsoft in a research note on Monday, October 28th. Wells Fargo & Company reissued a “buy” rating on shares of Microsoft in a research report on Friday, October 18th. Wedbush reissued an “outperform” rating and set a $550.00 price target on shares of Microsoft in a research report on Tuesday, November 19th. Finally, Sanford C. Bernstein decreased their price target on shares of Microsoft from $501.00 to $500.00 and set an “outperform” rating for the company in a research report on Friday, October 25th. Three equities research analysts have rated the stock with a hold rating and twenty-seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Microsoft presently has a consensus rating of “Moderate Buy” and a consensus target price of $510.96.

Microsoft Price Performance

Shares of NASDAQ:MSFT opened at $415.06 on Monday. Microsoft Co. has a twelve month low of $385.58 and a twelve month high of $468.35. The company’s 50 day moving average is $432.53 and its 200 day moving average is $424.61. 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 market cap of $3.09 trillion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 2.38 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings results on Wednesday, January 29th. The software giant reported $3.23 earnings per share for the quarter, topping the consensus estimate of $3.15 by $0.08. Microsoft had a net margin of 35.43% and a return on equity of 34.38%. During the same period in the prior year, the firm posted $2.93 EPS. On average, sell-side analysts forecast that Microsoft Co. will post 12.89 EPS for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.80%. Microsoft’s payout ratio is 26.73%.

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.