Audent Global Asset Management LLC Sells 885 Shares of Microsoft Corporation $MSFT

Audent Global Asset Management LLC reduced its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 15,032 shares of the software giant's stock after selling 885 shares during the period. Microsoft makes up approximately 4.6% of Audent Global Asset Management LLC's portfolio, making the stock its 6th biggest holding. Audent Global Asset Management LLC's holdings in Microsoft were worth $5,643,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. ZWJ Investment Counsel Inc. grew its position in shares of Microsoft by 0.4% during the 1st quarter. ZWJ Investment Counsel Inc. now owns 203,428 shares of the software giant's stock valued at $76,365,000 after acquiring an additional 724 shares during the period. Clark Asset Management LLC grew its position in shares of Microsoft by 10.1% during the 1st quarter. Clark Asset Management LLC now owns 10,623 shares of the software giant's stock valued at $3,988,000 after acquiring an additional 978 shares during the period. Able Wealth Management LLC grew its position in shares of Microsoft by 3.8% during the 1st quarter. Able Wealth Management LLC now owns 2,350 shares of the software giant's stock valued at $882,000 after acquiring an additional 87 shares during the period. Smart Money Group LLC grew its position in shares of Microsoft by 22.0% during the 1st quarter. Smart Money Group LLC now owns 5,434 shares of the software giant's stock valued at $2,040,000 after acquiring an additional 981 shares during the period. Finally, Resonant Capital Advisors LLC grew its position in shares of Microsoft by 1.5% during the 1st quarter. Resonant Capital Advisors LLC now owns 38,154 shares of the software giant's stock valued at $14,323,000 after acquiring an additional 580 shares during the period. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, EVP Kathleen T. Hogan sold 21,500 shares of Microsoft stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the sale, the executive vice president directly owned 134,888 shares of the company's stock, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Takeshi Numoto sold 4,850 shares of the business's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $527.32, for a total transaction of $2,557,502.00. Following the completion of the sale, the executive vice president directly owned 39,111 shares of the company's stock, valued at approximately $20,624,012.52. This trade represents a 11.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 30,350 shares of company stock valued at $14,162,567. Insiders own 0.03% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. Benchmark restated a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Mizuho raised their target price on Microsoft from $540.00 to $625.00 and gave the company an "outperform" rating in a research report on Thursday, July 31st. Oppenheimer raised their price target on shares of Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a research note on Thursday, July 31st. Guggenheim reaffirmed a "neutral" rating on shares of Microsoft in a research note on Thursday, May 1st. Finally, UBS Group reaffirmed a "buy" rating and issued a $650.00 price target (up from $600.00) on shares of Microsoft in a research note on Thursday, July 31st. Two investment analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $612.54.

Microsoft Stock Performance

NASDAQ:MSFT opened at $517.10 on Tuesday. The company has a fifty day simple moving average of $503.49 and a two-hundred day simple moving average of $441.90. The company has a market cap of $3.84 trillion, a price-to-earnings ratio of 37.91, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06. The company has a quick ratio of 1.35, a current ratio of 1.35 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $555.45.

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

Microsoft Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be paid a $0.83 dividend. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.6%. Microsoft's payout ratio is 24.34%.

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.

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