Aigen Investment Management LP Sells 3,333 Shares of Microsoft Co. (NASDAQ:MSFT)

Aigen Investment Management LP trimmed its position in Microsoft Co. (NASDAQ:MSFT - Free Report) by 73.7% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 1,190 shares of the software giant's stock after selling 3,333 shares during the period. Aigen Investment Management LP's holdings in Microsoft were worth $502,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in MSFT. WFA Asset Management Corp boosted its position 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 purchasing an additional 216 shares during the last quarter. Ironwood Wealth Management LLC. raised its stake in shares of Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after purchasing an additional 38 shares during the period. Discipline Wealth Solutions LLC boosted its holdings in shares of Microsoft by 410.4% in the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after buying an additional 2,138 shares during the last quarter. Swedbank AB grew its position in Microsoft by 0.4% during the third quarter. Swedbank AB now owns 13,689,356 shares of the software giant's stock valued at $5,890,530,000 after buying an additional 49,288 shares during the period. Finally, Pettinga Financial Advisors LLC increased its holdings in Microsoft by 1.4% during the third quarter. Pettinga Financial Advisors LLC now owns 7,749 shares of the software giant's stock worth $3,334,000 after buying an additional 109 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In other Microsoft news, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $436.05, for a total transaction of $32,703,750.00. Following the completion of the sale, the insider now directly owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.03% of the stock is owned by insiders.

Microsoft Price Performance

MSFT stock traded down $0.12 during mid-day trading on Tuesday, hitting $449.14. 22,927,936 shares of the stock were exchanged, compared to its average volume of 21,468,471. The business has a fifty day moving average price of $390.16 and a 200 day moving average price of $411.71. Microsoft Co. has a 12 month low of $344.79 and a 12 month high of $468.35. The company has a debt-to-equity ratio of 0.13, a current ratio of 1.35 and a quick ratio of 1.34. The stock has a market capitalization of $3.34 trillion, a price-to-earnings ratio of 36.16, a PEG ratio of 2.21 and a beta of 0.99.

Microsoft (NASDAQ:MSFT - Get Free Report) last issued its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.22 by $0.24. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business had revenue of $70.07 billion during the quarter, compared to analyst estimates of $68.54 billion. During the same quarter in the prior year, the firm earned $2.94 earnings per share. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. On average, sell-side analysts anticipate that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 12th. Investors of record on Thursday, May 15th will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.74%. The ex-dividend date of this dividend is Thursday, May 15th. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Cantor Fitzgerald raised their target price on Microsoft from $502.00 to $512.00 and gave the stock an "overweight" rating in a research report on Thursday, May 1st. Tigress Financial boosted their price objective on Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research note on Thursday, March 20th. Barclays upped their price objective on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. DA Davidson lifted their target price on shares of Microsoft from $450.00 to $500.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Finally, Evercore ISI upped their price target on shares of Microsoft from $435.00 to $500.00 and gave the company an "outperform" rating in a research note on Thursday, May 1st. Five research analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average target price of $507.77.

Microsoft Company 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.