BFI Infinity Ltd. Sells 9,585 Shares of Microsoft Corporation (NASDAQ:MSFT)

BFI Infinity Ltd. trimmed its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 84.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 1,788 shares of the software giant's stock after selling 9,585 shares during the quarter. Microsoft comprises 0.7% of BFI Infinity Ltd.'s portfolio, making the stock its 14th largest position. BFI Infinity Ltd.'s holdings in Microsoft were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in MSFT. Fosun International Ltd grew its position in shares of Microsoft by 0.3% during the 1st quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after buying an additional 23 shares during the period. Muirfield Wealth Advisors LLC boosted its stake in Microsoft by 0.5% during the 4th quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after acquiring an additional 24 shares during the last quarter. Retirement Financial Solutions LLC boosted its stake in Microsoft by 2.3% during the 4th quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after acquiring an additional 24 shares during the last quarter. Kuhn & Co Investment Counsel boosted its stake in Microsoft by 0.8% during the 4th quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after acquiring an additional 25 shares during the last quarter. Finally, Alliance Wealth Management Group boosted its stake in Microsoft by 0.4% during the 4th quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after acquiring an additional 25 shares during the last quarter. Institutional investors own 71.13% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Royal Bank Of Canada reissued an "outperform" rating and set a $525.00 price objective on shares of Microsoft in a research note on Friday, May 23rd. Raymond James Financial lifted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research note on Thursday, May 1st. Wells Fargo & Company lifted their price objective on shares of Microsoft from $565.00 to $585.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 25th. Barclays lifted their price target on shares of Microsoft from $430.00 to $494.00 and gave the company an "overweight" rating in a research note on Thursday, May 1st. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. Four equities research analysts have rated the stock with a hold rating and twenty-nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $534.14.

Insider Buying and Selling

In other Microsoft news, EVP Amy Coleman sold 13,243 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 43,100 shares of the company's stock, valued at approximately $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction dated 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 directly owned 476,999 shares in the company, valued at approximately $207,995,413.95. This represents a 13.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 in the last 90 days. Insiders own 0.03% of the company's stock.

Microsoft Stock Up 0.4%

MSFT stock traded up $1.84 during midday trading on Friday, hitting $503.32. The stock had a trading volume of 16,454,184 shares, compared to its average volume of 21,652,165. Microsoft Corporation has a 52-week low of $344.79 and a 52-week high of $506.78. The firm has a market cap of $3.74 trillion, a price-to-earnings ratio of 38.90, a price-to-earnings-growth ratio of 2.27 and a beta of 1.04. The business has a 50-day moving average of $470.64 and a two-hundred day moving average of $425.85. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The company'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 earnings per share. As a group, equities research analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a yield of 0.66%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio is 25.66%.

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.