Tran Capital Management L.P. lessened its position in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 2.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,567 shares of the software giant’s stock after selling 3,348 shares during the quarter. Microsoft makes up about 6.4% of Tran Capital Management L.P.’s holdings, making the stock its largest position. Tran Capital Management L.P.’s holdings in Microsoft were worth $55,115,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Sage Financial Management Group Inc. raised its stake in shares of Microsoft by 37.6% during the 4th quarter. Sage Financial Management Group Inc. now owns 2,194 shares of the software giant’s stock worth $825,000 after buying an additional 599 shares during the last quarter. First PREMIER Bank raised its stake in shares of Microsoft by 0.6% during the 4th quarter. First PREMIER Bank now owns 22,535 shares of the software giant’s stock worth $8,474,000 after buying an additional 137 shares during the last quarter. Mason & Associates Inc raised its stake in shares of Microsoft by 1.3% during the 4th quarter. Mason & Associates Inc now owns 7,819 shares of the software giant’s stock worth $2,940,000 after buying an additional 101 shares during the last quarter. Sendero Wealth Management LLC raised its stake in shares of Microsoft by 2.3% during the 4th quarter. Sendero Wealth Management LLC now owns 45,197 shares of the software giant’s stock worth $16,996,000 after buying an additional 1,016 shares during the last quarter. Finally, Connective Portfolio Management LLC raised its stake in Microsoft by 31.5% in the 4th quarter. Connective Portfolio Management LLC now owns 7,014 shares of the software giant’s stock valued at $2,638,000 after purchasing an additional 1,680 shares during the last quarter. Institutional investors and hedge funds own 71.13% of the company’s stock.
Insider Activity at Microsoft
In related news, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $403.96, for a total transaction of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares of the company’s stock, valued at approximately $64,538,265.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, insider Bradford L. Smith sold 3,303 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $406.12, for a total transaction of $1,341,414.36. Following the sale, the insider now directly owns 570,826 shares of the company’s stock, valued at approximately $231,823,855.12. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,955 shares of the company’s stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $403.96, for a total value of $8,868,941.80. Following the sale, the executive vice president now directly owns 159,764 shares in the company, valued at $64,538,265.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,070,258 shares of company stock valued at $30,690,456. Corporate insiders own 0.03% of the company’s stock.
Microsoft Stock Performance
Shares of MSFT opened at $425.52 on Friday. The business’s 50 day moving average is $413.32 and its two-hundred day moving average is $378.31. Microsoft Co. has a 52-week low of $275.37 and a 52-week high of $430.82. The firm has a market cap of $3.16 trillion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.23 and a beta of 0.89. The company has a quick ratio of 1.20, a current ratio of 1.22 and a debt-to-equity ratio of 0.19.
Microsoft (NASDAQ:MSFT – Get Free Report) last announced its earnings results on Tuesday, January 30th. The software giant reported $2.93 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.76 by $0.17. Microsoft had a return on equity of 38.40% and a net margin of 36.27%. The company had revenue of $62.02 billion for the quarter, compared to analyst estimates of $61.14 billion. During the same period in the prior year, the company posted $2.32 EPS. Microsoft’s quarterly revenue was up 17.6% on a year-over-year basis. Analysts forecast that Microsoft Co. will post 11.61 EPS for the current fiscal year.
Microsoft Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 13th. Investors of record on Thursday, May 16th will be given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.71%. The ex-dividend date of this dividend is Wednesday, May 15th. Microsoft’s dividend payout ratio is currently 27.12%.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on MSFT. Piper Sandler reissued an “overweight” rating and issued a $455.00 target price on shares of Microsoft in a research note on Thursday, January 25th. Barclays boosted their target price on shares of Microsoft from $421.00 to $475.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Raymond James boosted their target price on shares of Microsoft from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Wednesday, January 31st. Wells Fargo & Company boosted their target price on shares of Microsoft from $435.00 to $460.00 and gave the company an “overweight” rating in a research note on Wednesday, January 31st. Finally, StockNews.com downgraded shares of Microsoft from a “buy” rating to a “hold” rating in a research note on Thursday, February 22nd. Four analysts have rated the stock with a hold rating and thirty-six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $425.52.
Check Out Our Latest Stock Report on MSFT
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.
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