Family Investment Center Inc. Sells 1,816 Shares of Microsoft Corporation (NASDAQ:MSFT)

Family Investment Center Inc. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 77.0% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 543 shares of the software giant's stock after selling 1,816 shares during the quarter. Family Investment Center Inc.'s holdings in Microsoft were worth $204,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Microsoft by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 684,071,705 shares of the software giant's stock worth $288,336,224,000 after buying an additional 10,431,988 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Microsoft by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 168,128,024 shares of the software giant's stock worth $70,720,874,000 after purchasing an additional 3,103,212 shares during the last quarter. Norges Bank bought a new stake in shares of Microsoft in the 4th quarter worth approximately $44,343,058,000. Northern Trust Corp raised its holdings in shares of Microsoft by 16.1% in the 4th quarter. Northern Trust Corp now owns 83,787,746 shares of the software giant's stock worth $35,316,535,000 after purchasing an additional 11,600,470 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Microsoft by 9.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 59,961,337 shares of the software giant's stock worth $25,273,704,000 after purchasing an additional 5,370,546 shares during the period. Institutional investors own 71.13% of the company's stock.

Insider Activity at Microsoft

In related news, EVP Kathleen T. Hogan sold 21,500 shares of the business's stock in a transaction dated 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 transaction, 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judson Althoff sold 16,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president owned 98,010 shares in the company, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 54,743 shares of company stock worth $24,921,913 over the last ninety days. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

Shares of NASDAQ MSFT opened at $522.04 on Friday. Microsoft Corporation has a 1 year low of $344.79 and a 1 year high of $555.45. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35. The company's 50-day moving average is $496.85 and its 200 day moving average is $438.29. The stock has a market capitalization of $3.88 trillion, a P/E ratio of 38.27, a P/E/G ratio of 2.28 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.35 by $0.30. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The company had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. During the same quarter in the previous year, the company earned $2.95 earnings per share. Microsoft's quarterly revenue was up 18.1% on a year-over-year basis. On average, sell-side analysts expect 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. Investors 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 annualized dividend and a dividend yield of 0.6%. Microsoft's payout ratio is currently 24.34%.

Wall Street Analyst Weigh In

MSFT has been the topic of a number of research reports. Royal Bank Of Canada lifted their price target on shares of Microsoft from $525.00 to $640.00 and gave the stock an "outperform" rating in a report on Thursday, July 31st. DA Davidson lifted their price target on shares of Microsoft from $600.00 to $650.00 and gave the stock a "buy" rating in a report on Thursday, July 31st. Citigroup lifted their price target on shares of Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Benchmark reaffirmed a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Finally, Scotiabank lifted their price target on shares of Microsoft from $500.00 to $650.00 and gave the stock a "sector outperform" rating in a report on Thursday, July 31st. Two analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $609.86.

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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