Microsoft Corporation (NASDAQ:MSFT) Shares Sold by GenTrust LLC

GenTrust LLC trimmed its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 46.6% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,646 shares of the software giant's stock after selling 14,546 shares during the period. GenTrust LLC's holdings in Microsoft were worth $6,249,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. KG&L Capital Management LLC boosted its position in Microsoft by 15.8% during the first quarter. KG&L Capital Management LLC now owns 27,959 shares of the software giant's stock valued at $10,494,000 after purchasing an additional 3,817 shares during the last quarter. DLK Investment Management LLC raised its stake in shares of Microsoft by 2.2% during the 1st quarter. DLK Investment Management LLC now owns 36,571 shares of the software giant's stock worth $13,730,000 after purchasing an additional 778 shares in the last quarter. Balefire LLC lifted its holdings in shares of Microsoft by 13.3% during the 1st quarter. Balefire LLC now owns 8,973 shares of the software giant's stock valued at $3,368,000 after buying an additional 1,051 shares during the last quarter. KPP Advisory Services LLC grew its stake in shares of Microsoft by 18.0% in the 1st quarter. KPP Advisory Services LLC now owns 32,461 shares of the software giant's stock valued at $12,186,000 after buying an additional 4,948 shares in the last quarter. Finally, Goldstein Advisors LLC increased its holdings in Microsoft by 2.0% in the first quarter. Goldstein Advisors LLC now owns 10,857 shares of the software giant's stock worth $4,075,000 after buying an additional 218 shares during the last quarter. 71.13% of the stock is owned by institutional investors and hedge funds.

Microsoft Trading Down 0.8%

NASDAQ MSFT traded down $4.10 during trading on Thursday, hitting $520.84. 16,045,615 shares of the company's stock traded hands, compared to its average volume of 19,850,260. The stock has a fifty day moving average of $495.59 and a two-hundred day moving average of $437.64. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The firm has a market cap of $3.87 trillion, a P/E ratio of 38.18, a PEG ratio of 2.30 and a beta of 1.06. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.35 and a quick ratio of 1.35.

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 for the quarter, beating the consensus estimate of $3.35 by $0.30. The business had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a net margin of 36.15% and a return on equity of 32.44%. The firm's revenue for the quarter was up 18.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.95 EPS. As a group, sell-side analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

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

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Benchmark restated a "buy" rating on shares of Microsoft in a research note on Thursday, May 1st. DA Davidson raised their target price on Microsoft from $600.00 to $650.00 and gave the company a "buy" rating in a report on Thursday, July 31st. TD Securities upped their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research note on Thursday, May 1st. Oppenheimer increased their price objective on Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday, July 31st. Finally, The Goldman Sachs Group boosted their target price on Microsoft from $480.00 to $550.00 and gave the stock a "buy" rating in a report on Wednesday, May 21st. Two equities research analysts have rated the stock with a hold rating and thirty-one have assigned a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $609.86.

Insider Buying and Selling

In other news, EVP Takeshi Numoto sold 3,000 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $463.00, for a total value 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. The trade was a 6.39% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Amy Coleman sold 13,243 shares of the business's 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 completion of the sale, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 54,743 shares of company stock valued at $24,921,913. Insiders own 0.03% of the company's stock.

Microsoft Company 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.