Fishman Jay A Ltd. MI Sells 5,521 Shares of Microsoft Corporation (NASDAQ:MSFT)

Key Points

• Fishman Jay A Ltd. MI reduced its holdings in Microsoft Corporation by 3.5%, now owning 151,407 shares valued at approximately $56.8 million.
• Microsoft reported a quarterly EPS of $3.46, beating estimates and experiencing a 13.3% year-over-year revenue increase to $70.07 billion.
• The company declared a quarterly dividend of $0.83 per share, with an annualized yield of 0.65%, to be paid on September 11th.

Fishman Jay A Ltd. MI decreased its holdings in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 3.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 151,407 shares of the software giant's stock after selling 5,521 shares during the quarter. Microsoft comprises approximately 6.2% of Fishman Jay A Ltd. MI's holdings, making the stock its 4th biggest holding. Fishman Jay A Ltd. MI's holdings in Microsoft were worth $56,837,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in MSFT. Union Savings Bank lifted its position in shares of Microsoft by 1.4% during the first quarter. Union Savings Bank now owns 16,705 shares of the software giant's stock worth $6,271,000 after purchasing an additional 234 shares in the last quarter. Nilsine Partners LLC lifted its holdings in Microsoft by 1.1% in the 1st quarter. Nilsine Partners LLC now owns 40,087 shares of the software giant's stock worth $15,048,000 after buying an additional 417 shares in the last quarter. Bonfire Financial lifted its holdings in Microsoft by 5.5% in the 1st quarter. Bonfire Financial now owns 1,346 shares of the software giant's stock worth $505,000 after buying an additional 70 shares in the last quarter. Canton Hathaway LLC boosted its position in Microsoft by 45.7% in the 1st quarter. Canton Hathaway LLC now owns 24,236 shares of the software giant's stock valued at $9,098,000 after buying an additional 7,600 shares during the last quarter. Finally, Register Financial Advisors LLC grew its stake in shares of Microsoft by 1.1% during the first quarter. Register Financial Advisors LLC now owns 12,216 shares of the software giant's stock valued at $4,586,000 after acquiring an additional 133 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on MSFT. Barclays boosted their price target on Microsoft from $550.00 to $625.00 and gave the stock an "overweight" rating in a research note on Thursday. Piper Sandler upped their target price on Microsoft from $600.00 to $650.00 and gave the company an "overweight" rating in a research report on Thursday. Bank of America increased their target price on Microsoft from $585.00 to $640.00 and gave the company a "buy" rating in a research note on Thursday. Stifel Nicolaus lifted their price target on shares of Microsoft from $500.00 to $550.00 and gave the stock a "buy" rating in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating and issued a $650.00 price target (up from $600.00) on shares of Microsoft in a report on Thursday. Three analysts have rated the stock with a hold rating and thirty have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $609.86.

Microsoft Stock Performance

NASDAQ:MSFT traded down $9.39 during midday trading on Friday, reaching $524.11. 28,948,527 shares of the company traded hands, compared to its average volume of 22,441,598. The firm has a market capitalization of $3.90 trillion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company has a fifty day moving average price of $488.46 and a 200 day moving average price of $434.13. 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 Corporation has a twelve month low of $344.79 and a twelve month high of $555.45.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The company had revenue of $76.44 billion for the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a return on equity of 33.49% and a net margin of 36.15%. The firm's quarterly revenue was up 18.1% compared to the same quarter last year. During the same period last year, the business posted $2.95 earnings per share. On average, analysts expect that Microsoft Corporation will post 13.08 EPS for the current fiscal year.

Microsoft Dividend Announcement

The company 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 dividend payout ratio (DPR) is presently 24.34%.

Insider Buying and Selling

In other Microsoft news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $433.17, for a total transaction of $2,599,020.00. Following the completion of the transaction, the insider owned 471,036 shares in the company, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Judson Althoff sold 16,000 shares of the firm's stock in a transaction on Monday, May 19th. The shares were sold at an average price of $458.18, for a total value of $7,330,880.00. Following the transaction, the executive vice president directly owned 98,010 shares in the company, valued at $44,906,221.80. This trade represents a 14.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 60,743 shares of company stock valued at $27,520,933 in the last ninety days. Insiders own 0.03% of the company's stock.

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.