Bellevue Asset Management LLC Decreases Holdings in Microsoft Corporation $MSFT

Key Points

Error: Response status code does not indicate success: 429 (Too Many Requests).

Bellevue Asset Management LLC lowered its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 139,644 shares of the software giant's stock after selling 2,141 shares during the quarter. Microsoft makes up 28.6% of Bellevue Asset Management LLC's portfolio, making the stock its biggest holding. Bellevue Asset Management LLC's holdings in Microsoft were worth $52,421,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in MSFT. Fosun International Ltd boosted its stake in Microsoft by 0.3% in the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares during the period. Retirement Financial Solutions LLC boosted its position in shares of Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock valued at $443,000 after acquiring an additional 24 shares during the last quarter. Alliance Wealth Management Group boosted its position in shares of Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock valued at $2,368,000 after acquiring an additional 25 shares during the last quarter. Guidance Point Advisors LLC boosted its position in shares of Microsoft by 0.6% during the 4th quarter. Guidance Point Advisors LLC now owns 4,294 shares of the software giant's stock valued at $1,811,000 after acquiring an additional 25 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. boosted its position in shares of Microsoft by 5.1% during the 4th quarter. Hudson Edge Investment Partners Inc. now owns 533 shares of the software giant's stock valued at $225,000 after acquiring an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Buying and Selling at Microsoft

In related news, EVP Takeshi Numoto sold 4,850 shares of the company's stock in a transaction on Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the transaction, the executive vice president directly owned 39,111 shares of the company's stock, valued at $20,624,012.52. This represents a 11.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the sale, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 30,350 shares of company stock valued at $14,162,567. Corporate insiders own 0.03% of the company's stock.

Microsoft Stock Down 0.6%

NASDAQ MSFT opened at $517.10 on Tuesday. The stock's 50-day moving average price is $503.49 and its 200-day moving average price is $441.90. 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. The company has a market capitalization of $3.84 trillion, a P/E ratio of 37.91, a price-to-earnings-growth ratio of 2.28 and a beta of 1.06.

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 the consensus estimate 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 during the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter last year, the business posted $2.95 earnings per share. The firm's revenue was up 18.1% on a year-over-year basis. On average, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts recently weighed in on MSFT shares. Citigroup boosted their target price on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a research report on Tuesday, July 22nd. Evercore ISI lifted their price target on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research note on Friday, July 25th. Barclays lifted their price target on Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research note on Thursday, July 31st. BMO Capital Markets upped their target price on Microsoft from $550.00 to $650.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, Loop Capital upped their target price on Microsoft from $550.00 to $600.00 and gave the company a "buy" rating in a report on Thursday, July 24th. Two equities 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 MarketBeat.com, Microsoft presently has an average rating of "Moderate Buy" and an average price target of $612.54.

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.

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.