10Elms LLP Purchases Shares of 740 Microsoft Corporation (NASDAQ:MSFT)

10Elms LLP purchased a new stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 740 shares of the software giant's stock, valued at approximately $312,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MSFT. Muirfield Wealth Advisors LLC increased its position in Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares during the period. Retirement Financial Solutions LLC increased its position in Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares during the period. Sterling Group Wealth Management LLC increased its position in Microsoft by 0.5% in the fourth quarter. Sterling Group Wealth Management LLC now owns 5,540 shares of the software giant's stock worth $2,335,000 after purchasing an additional 25 shares during the period. Kuhn & Co Investment Counsel increased its position in Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares during the period. Finally, Alliance Wealth Management Group increased its position in Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $478.04 on Wednesday. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock's fifty day moving average price is $432.29 and its two-hundred day moving average price is $419.32. Microsoft Corporation has a one year low of $344.79 and a one year high of $480.69. The firm has a market cap of $3.55 trillion, a price-to-earnings ratio of 36.94, a P/E/G ratio of 2.44 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released 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. The company had revenue of $70.07 billion for the quarter, compared to analyst estimates of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. Microsoft's quarterly revenue was up 13.3% on a year-over-year basis. During the same period in the prior year, the firm posted $2.94 EPS. On average, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a dividend yield of 0.69%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is currently 25.66%.

Insider Transactions at Microsoft

In other news, EVP Takeshi Numoto sold 3,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the sale, the executive vice president now directly owns 43,930 shares of the company's stock, valued at approximately $20,339,590. This represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president now directly owns 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently commented on MSFT. Jefferies Financial Group lifted their price objective on Microsoft from $475.00 to $550.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a research report on Wednesday, June 4th. Westpark Capital restated a "hold" rating on shares of Microsoft in a report on Thursday, May 1st. DA Davidson lifted their price objective on Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a report on Thursday, May 1st. Finally, Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a research note on Saturday. Five analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company's stock. According to MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and a consensus target price of $515.68.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.