Hoffman Alan N Investment Management Sells 1,253 Shares of Microsoft Co. (NASDAQ:MSFT)

Hoffman Alan N Investment Management lessened its holdings in Microsoft Co. (NASDAQ:MSFT) by 1.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,964 shares of the software giant’s stock after selling 1,253 shares during the period. Microsoft accounts for about 14.5% of Hoffman Alan N Investment Management’s investment portfolio, making the stock its 3rd biggest holding. Hoffman Alan N Investment Management’s holdings in Microsoft were worth $32,019,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of MSFT. WFA Asset Management Corp grew its holdings in Microsoft by 27.0% in the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant’s stock valued at $427,000 after buying an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. boosted its position in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant’s stock valued at $5,658,000 after acquiring an additional 38 shares during the period. Nicholas Investment Partners LP increased its position in Microsoft by 3.0% during 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. Truefg LLC raised its stake in Microsoft by 3.1% during the 2nd quarter. Truefg LLC now owns 1,241 shares of the software giant’s stock valued at $554,000 after purchasing an additional 37 shares during the last quarter. Finally, Redwood Financial Network Corp boosted its holdings in Microsoft by 2.1% in the 2nd quarter. Redwood Financial Network Corp now owns 3,704 shares of the software giant’s stock valued at $1,655,000 after purchasing an additional 76 shares during the period. 71.13% of the stock is currently owned by institutional investors.

Microsoft Price Performance

Shares of MSFT stock opened at $408.25 on Monday. The stock’s fifty day moving average is $425.20 and its 200-day moving average is $423.04. The company has a debt-to-equity ratio of 0.13, a quick ratio of 1.34 and a current ratio of 1.35. Microsoft Co. has a 52 week low of $385.58 and a 52 week high of $468.35. The stock has a market capitalization of $3.03 trillion, a PE ratio of 32.87, a PEG ratio of 2.21 and a beta of 0.90.

Microsoft (NASDAQ:MSFT) last issued its quarterly earnings data 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 net margin of 35.43% and a return on equity of 33.36%. During the same quarter last year, the company posted $2.93 EPS. Equities research analysts expect that Microsoft Co. will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 13th. Investors of record on Thursday, February 20th will be given a $0.83 dividend. This represents a $3.32 annualized dividend and a yield of 0.81%. The ex-dividend date of this dividend is Thursday, February 20th. Microsoft’s dividend payout ratio (DPR) is presently 26.73%.

Insiders Place Their Bets

In related news, CMO Takeshi Numoto sold 2,500 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $430.87, for a total value of $1,077,175.00. Following the transaction, the chief marketing officer now owns 53,852 shares in the company, valued at $23,203,211.24. This trade represents a 4.44 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have sold 8,000 shares of company stock valued at $3,493,820. 0.03% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on MSFT shares. Mizuho dropped their price objective on shares of Microsoft from $510.00 to $500.00 and set an “outperform” rating on the stock in a report on Thursday, January 30th. Wedbush reaffirmed an “outperform” rating and issued a $550.00 price target on shares of Microsoft in a report on Tuesday, November 19th. UBS Group reduced their price objective on Microsoft from $525.00 to $510.00 and set a “buy” rating for the company in a research report on Thursday, January 30th. TD Cowen lowered their price objective on Microsoft from $495.00 to $475.00 and set a “buy” rating on the stock in a research report on Thursday, October 31st. Finally, BMO Capital Markets reduced their target price on Microsoft from $500.00 to $495.00 and set an “outperform” rating for the company in a research report on Thursday, October 31st. Three equities research analysts have rated the stock with a hold rating and twenty-seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $510.96.

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.