Trek Financial LLC trimmed its position in Microsoft Co. (NASDAQ:MSFT – Free Report) by 21.2% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 26,348 shares of the software giant’s stock after selling 7,107 shares during the period. Trek Financial LLC’s holdings in Microsoft were worth $7,596,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of MSFT. Monumental Financial Group Inc. acquired a new stake in shares of Microsoft during the first quarter worth $28,000. PayPay Securities Corp acquired a new stake in shares of Microsoft during the fourth quarter worth $54,000. Gleason Group Inc. lifted its holdings in shares of Microsoft by 111.7% during the first quarter. Gleason Group Inc. now owns 199 shares of the software giant’s stock worth $57,000 after buying an additional 105 shares in the last quarter. Syverson Strege & Co lifted its holdings in shares of Microsoft by 157.0% during the first quarter. Syverson Strege & Co now owns 203 shares of the software giant’s stock worth $58,000 after buying an additional 124 shares in the last quarter. Finally, MayTech Global Investments LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $83,000. 69.20% of the stock is owned by institutional investors.
Microsoft Price Performance
NASDAQ:MSFT opened at $334.27 on Friday. The firm has a market capitalization of $2.48 trillion, a price-to-earnings ratio of 34.50, a PEG ratio of 2.45 and a beta of 0.90. Microsoft Co. has a 1 year low of $213.43 and a 1 year high of $366.78. The business has a 50 day simple moving average of $332.46 and a 200-day simple moving average of $310.17. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.77 and a quick ratio of 1.75.
Microsoft Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 14th. Stockholders of record on Thursday, August 17th will be issued a $0.68 dividend. The ex-dividend date of this dividend is Wednesday, August 16th. This represents a $2.72 annualized dividend and a dividend yield of 0.81%. Microsoft’s payout ratio is 28.07%.
Analyst Ratings Changes
MSFT has been the subject of a number of research reports. Argus lifted their target price on Microsoft from $371.00 to $390.00 and gave the stock a “buy” rating in a report on Monday, July 31st. Piper Sandler restated an “overweight” rating and issued a $400.00 price target on shares of Microsoft in a research report on Wednesday, July 26th. Wedbush raised their price target on Microsoft from $375.00 to $400.00 in a research report on Wednesday, July 26th. BMO Capital Markets raised their price target on Microsoft from $385.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 26th. Finally, StockNews.com began coverage on Microsoft in a research report on Thursday, August 17th. They issued a “buy” rating on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and thirty-three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $373.68.
View Our Latest Stock Report on MSFT
Insiders Place Their Bets
In other Microsoft news, insider Bradford L. Smith sold 50,000 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $337.20, for a total transaction of $16,860,000.00. Following the transaction, the insider now directly owns 588,084 shares in the company, valued at approximately $198,301,924.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, EVP Kathleen T. Hogan sold 26,815 shares of Microsoft stock in a transaction on Friday, September 1st. The stock was sold at an average price of $327.37, for a total value of $8,778,426.55. Following the transaction, the executive vice president now directly owns 198,373 shares in the company, valued at approximately $64,941,369.01. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 50,000 shares of Microsoft stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $337.20, for a total value of $16,860,000.00. Following the completion of the transaction, the insider now owns 588,084 shares in the company, valued at $198,301,924.80. The disclosure for this sale can be found here. Insiders have sold 115,049 shares of company stock worth $38,195,619 in the last ninety days. 0.03% of the stock is owned by company insiders.
About Microsoft
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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