4,342 Shares in Microsoft Corporation (NASDAQ:MSFT) Purchased by M1 Capital Management LLC

M1 Capital Management LLC purchased a new position in Microsoft Corporation (NASDAQ:MSFT - Free Report) during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,342 shares of the software giant's stock, valued at approximately $1,830,000. Microsoft accounts for approximately 1.0% of M1 Capital Management LLC's holdings, making the stock its 23rd biggest position.

A number of other institutional investors also recently bought and sold shares of the business. Norges Bank acquired a new stake in Microsoft during the 4th quarter worth about $44,343,058,000. Proficio Capital Partners LLC boosted its stake in shares of Microsoft by 34,643.3% in the fourth quarter. Proficio Capital Partners LLC now owns 16,837,278 shares of the software giant's stock worth $7,096,913,000 after buying an additional 16,788,816 shares during the last quarter. Northern Trust Corp grew its holdings in Microsoft by 16.1% during the fourth quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after acquiring an additional 11,600,470 shares during the period. Vanguard Group Inc. raised its position in Microsoft by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock valued at $288,336,224,000 after acquiring an additional 10,431,988 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Microsoft during the fourth quarter valued at approximately $3,035,987,000. 71.13% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on MSFT shares. KeyCorp restated a "sector weight" rating on shares of Microsoft in a research report on Thursday, April 17th. Piper Sandler restated an "overweight" rating on shares of Microsoft in a research report on Wednesday, May 21st. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a research report on Thursday, May 1st. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Wall Street Zen upgraded shares of Microsoft from a "hold" rating to a "buy" rating in a research report on Sunday. Four analysts have rated the stock with a hold rating and thirty have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Activity

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares of the company's stock, valued at $21,647,150.58. This trade represents a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now directly owns 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by company insiders.

Microsoft Stock Down 0.6%

Shares of MSFT opened at $477.40 on Monday. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $483.46. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The stock has a fifty day simple moving average of $437.84 and a two-hundred day simple moving average of $420.28. The company has a market capitalization of $3.55 trillion, a PE ratio of 36.89, a price-to-earnings-growth ratio of 2.42 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue was up 13.3% compared to the same quarter last year. During the same period last year, the business earned $2.94 earnings per share. As a group, equities analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.70%. Microsoft's dividend payout ratio is currently 25.66%.

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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