Almanack Investment Partners LLC. Sells 732 Shares of Microsoft Corporation (NASDAQ:MSFT)

Almanack Investment Partners LLC. decreased its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 8.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,734 shares of the software giant's stock after selling 732 shares during the quarter. Microsoft makes up approximately 0.6% of Almanack Investment Partners LLC.'s holdings, making the stock its 25th largest holding. Almanack Investment Partners LLC.'s holdings in Microsoft were worth $2,903,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Fosun International Ltd raised its holdings in shares of Microsoft by 0.3% during the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock valued at $2,490,000 after purchasing an additional 23 shares during the last quarter. Retirement Financial Solutions LLC raised its holdings in shares of Microsoft by 2.3% during the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after purchasing an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel raised its holdings in shares of Microsoft by 0.8% during the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock valued at $1,385,000 after purchasing an additional 25 shares during the last quarter. Alliance Wealth Management Group raised its holdings in shares of Microsoft by 0.4% during the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after purchasing an additional 25 shares during the last quarter. Finally, Guidance Point Advisors LLC raised its holdings in shares of Microsoft by 0.6% during the fourth quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after purchasing an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on MSFT. Westpark Capital reiterated a "hold" rating on shares of Microsoft in a research report on Thursday, July 31st. Scotiabank raised their price target on shares of Microsoft from $500.00 to $650.00 and gave the company a "sector outperform" rating in a research report on Thursday, July 31st. Guggenheim reissued a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. TD Cowen increased their price target on shares of Microsoft from $580.00 to $640.00 and gave the stock a "buy" rating in a research report on Thursday, July 31st. Finally, Evercore ISI raised their target price on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Two research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the company's stock. According to data from MarketBeat.com, Microsoft has a consensus rating of "Moderate Buy" and an average target price of $609.86.

Microsoft Stock Performance

Shares of NASDAQ:MSFT traded up $7.47 on Tuesday, reaching $529.24. 18,664,385 shares of the company's stock were exchanged, compared to its average volume of 20,189,628. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. The business's 50-day moving average is $499.37 and its two-hundred day moving average is $439.35. The firm has a market capitalization of $3.93 trillion, a price-to-earnings ratio of 38.80, a PEG ratio of 2.28 and a beta of 1.06. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to analyst estimates of $73.79 billion. During the same period in the previous year, the company earned $2.95 earnings per share. Microsoft's revenue was up 18.1% compared to the same quarter last year. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be given 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 0.6%. Microsoft's payout ratio is currently 24.34%.

Insider Transactions at Microsoft

In related news, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value of $1,389,000.00. Following the completion of the sale, the executive vice president owned 43,930 shares in the company, valued at approximately $20,339,590. This represents a 6.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. This represents a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 54,743 shares of company stock valued at $24,921,913. Company insiders own 0.03% of the company's stock.

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.