HMS Capital Management LLC lowered its stake in shares of Microsoft Co. (NASDAQ:MSFT – Free Report) by 3.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 14,104 shares of the software giant’s stock after selling 437 shares during the quarter. Microsoft makes up approximately 2.6% of HMS Capital Management LLC’s holdings, making the stock its 8th biggest holding. HMS Capital Management LLC’s holdings in Microsoft were worth $4,066,000 as of its most recent SEC filing.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Henrickson Nauta Wealth Advisors Inc. grew its holdings in Microsoft by 1.3% during the 1st quarter. Henrickson Nauta Wealth Advisors Inc. now owns 2,898 shares of the software giant’s stock worth $835,000 after acquiring an additional 36 shares during the last quarter. Sentinel Pension Advisors Inc. grew its holdings in Microsoft by 1.1% during the 4th quarter. Sentinel Pension Advisors Inc. now owns 3,746 shares of the software giant’s stock worth $898,000 after acquiring an additional 39 shares during the last quarter. Modus Advisors LLC grew its holdings in Microsoft by 0.3% during the 1st quarter. Modus Advisors LLC now owns 14,316 shares of the software giant’s stock worth $4,127,000 after acquiring an additional 40 shares during the last quarter. Providence First Trust Co boosted its stake in shares of Microsoft by 2.5% in the 4th quarter. Providence First Trust Co now owns 1,645 shares of the software giant’s stock valued at $395,000 after purchasing an additional 40 shares during the last quarter. Finally, Denver Wealth Management Inc. boosted its stake in shares of Microsoft by 3.1% in the 4th quarter. Denver Wealth Management Inc. now owns 1,348 shares of the software giant’s stock valued at $323,000 after purchasing an additional 41 shares during the last quarter. Institutional investors own 72.20% of the company’s stock.
Microsoft Trading Up 1.6 %
Shares of Microsoft stock opened at $340.54 on Monday. The firm has a market capitalization of $2.53 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.98 and a beta of 0.93. The company has a current ratio of 1.91, a quick ratio of 1.88 and a debt-to-equity ratio of 0.22. The firm’s 50 day moving average is $321.74 and its 200 day moving average is $280.55. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $351.47.
Microsoft Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, September 14th. Shareholders of record on Thursday, August 17th will be issued a dividend of $0.68 per share. This represents a $2.72 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, August 16th. Microsoft’s payout ratio is 29.47%.
Insiders Place Their Bets
In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Teri List sold 1,250 shares of the business’s stock in a transaction that occurred on Friday, June 2nd. The shares were sold at an average price of $334.77, for a total value of $418,462.50. Following the transaction, the director now owns 874 shares in the company, valued at approximately $292,588.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Judson Althoff sold 30,000 shares of the business’s stock in a transaction on Monday, May 1st. The shares were sold at an average price of $306.09, for a total transaction of $9,182,700.00. Following the transaction, the executive vice president now owns 117,456 shares in the company, valued at approximately $35,952,107.04. The disclosure for this sale can be found here. Insiders have sold 51,331 shares of company stock valued at $15,867,278 in the last ninety days. 0.03% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
Several brokerages have recently issued reports on MSFT. Piper Sandler raised their target price on shares of Microsoft from $348.00 to $400.00 in a research note on Wednesday, May 31st. Jefferies Financial Group raised their target price on shares of Microsoft from $325.00 to $350.00 and gave the company a “buy” rating in a research note on Wednesday, April 26th. Atlantic Securities raised their target price on shares of Microsoft from $290.00 to $330.00 and gave the company an “overweight” rating in a research note on Wednesday, April 26th. Rosenblatt Securities lifted their price objective on shares of Microsoft from $275.00 to $310.00 and gave the stock a “buy” rating in a research note on Wednesday, April 26th. Finally, KeyCorp lifted their price objective on shares of Microsoft from $316.00 to $335.00 and gave the stock an “overweight” rating in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and thirty-one have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $333.18.
Microsoft Profile
Microsoft Corporation develops, licenses, and supports software, services, devices, and solutions worldwide. The company operates in three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing. The Productivity and Business Processes segment offers Office, Exchange, SharePoint, Microsoft Teams, Office 365 Security and Compliance, Microsoft Viva, and Skype for Business; Skype, Outlook.com, OneDrive, and LinkedIn; and Dynamics 365, a set of cloud-based and on-premises business solutions for organizations and enterprise divisions.
Featured Articles
- Five stocks we like better than Microsoft
- MarketBeat Week in Review – 6/26 – 6/30
- Tesla: Can Downgrades Make Sense After A 170% Rally?
- Buffett’s Berkshire Increases Stake In Occidental Petroleum (OXY)
- Rally Gains Momentum On Soft PCE Data
- Bank of America, JPMorgan, Goldman Sachs Set For Dividend Growth?
Receive News & Ratings for Microsoft Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Microsoft and related companies with MarketBeat.com's FREE daily email newsletter.
