First Pacific Financial Trims Stock Holdings in Microsoft Corporation (NASDAQ:MSFT)

First Pacific Financial decreased its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 2.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,689 shares of the software giant's stock after selling 493 shares during the quarter. Microsoft makes up 1.6% of First Pacific Financial's portfolio, making the stock its 17th biggest holding. First Pacific Financial's holdings in Microsoft were worth $7,767,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of MSFT. Brady Martz Wealth Solutions LLC grew its position in shares of Microsoft by 1.4% during the first quarter. Brady Martz Wealth Solutions LLC now owns 6,650 shares of the software giant's stock worth $2,496,000 after purchasing an additional 95 shares in the last quarter. Mcdaniel Terry & Co. grew its position in shares of Microsoft by 6.1% during the fourth quarter. Mcdaniel Terry & Co. now owns 315,594 shares of the software giant's stock worth $133,023,000 after purchasing an additional 18,052 shares in the last quarter. Strategic Financial Services Inc. grew its position in shares of Microsoft by 7.8% during the fourth quarter. Strategic Financial Services Inc. now owns 17,426 shares of the software giant's stock worth $7,345,000 after purchasing an additional 1,268 shares in the last quarter. Elevate Wealth Advisory Inc. grew its position in shares of Microsoft by 147.9% during the fourth quarter. Elevate Wealth Advisory Inc. now owns 1,748 shares of the software giant's stock worth $737,000 after purchasing an additional 1,043 shares in the last quarter. Finally, Intellus Advisors LLC purchased a new stake in shares of Microsoft during the fourth quarter worth about $16,075,000. Hedge funds and other institutional investors own 71.13% of the company's stock.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 3,000 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total transaction of $1,389,000.00. Following the transaction, the executive vice president directly owned 43,930 shares in the company, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction on 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 in the company, valued at $19,481,631. The trade was a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 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.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. TD Securities increased their target price on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company reiterated an "overweight" rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Evercore ISI increased their target price on Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday, July 25th. Raymond James Financial increased their target price on Microsoft from $490.00 to $570.00 and gave the stock an "outperform" rating in a research report on Monday, July 28th. Finally, UBS Group reiterated a "buy" rating and set a $650.00 target price (up previously from $600.00) on shares of Microsoft in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a hold rating and thirty-one have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Trading Down 1.5%

Shares of NASDAQ MSFT opened at $527.75 on Wednesday. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.35 and a current ratio of 1.35. The business's 50 day moving average price is $492.99 and its 200-day moving average price is $436.40. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The company has a market cap of $3.92 trillion, a price-to-earnings ratio of 38.69, a PEG ratio of 2.34 and a beta of 1.06.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings data 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 company had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. Microsoft's quarterly revenue was up 18.1% on a year-over-year basis. During the same period last year, the business posted $2.95 EPS. On average, sell-side analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 0.6%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

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.