Global Strategic Investment Solutions LLC Has $3.16 Million Holdings in Microsoft Corporation $MSFT

Global Strategic Investment Solutions LLC lessened its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,422 shares of the software giant's stock after selling 917 shares during the quarter. Global Strategic Investment Solutions LLC's holdings in Microsoft were worth $3,161,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Capital Investment Counsel Inc increased its position in Microsoft by 2.9% during the 1st quarter. Capital Investment Counsel Inc now owns 51,068 shares of the software giant's stock valued at $19,171,000 after purchasing an additional 1,431 shares during the period. Chaney Capital Management Inc. increased its position in Microsoft by 7.9% during the 1st quarter. Chaney Capital Management Inc. now owns 24,894 shares of the software giant's stock valued at $9,345,000 after purchasing an additional 1,833 shares during the period. Lodestone Wealth Management LLC increased its position in Microsoft by 1.2% during the 1st quarter. Lodestone Wealth Management LLC now owns 14,089 shares of the software giant's stock valued at $5,289,000 after purchasing an additional 170 shares during the period. Latitude Advisors LLC increased its position in Microsoft by 4.3% during the 1st quarter. Latitude Advisors LLC now owns 6,944 shares of the software giant's stock valued at $2,607,000 after purchasing an additional 289 shares during the period. Finally, Heritage Oak Wealth Advisors LLC boosted its holdings in shares of Microsoft by 10.8% during the 1st quarter. Heritage Oak Wealth Advisors LLC now owns 1,401 shares of the software giant's stock worth $526,000 after buying an additional 137 shares in the last quarter. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Trading Down 0.4%

Shares of NASDAQ:MSFT opened at $520.17 on Monday. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $555.45. The business's fifty day simple moving average is $502.60 and its 200-day simple moving average is $441.19. The company has a market capitalization of $3.87 trillion, a PE ratio of 38.14, a P/E/G ratio of 2.28 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.35 and a debt-to-equity ratio of 0.12.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share for the quarter, topping the consensus estimate of $3.35 by $0.30. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The firm had revenue of $76.44 billion for the quarter, compared to the consensus estimate of $73.79 billion. During the same period in the previous year, the business earned $2.95 EPS. The firm's revenue for the quarter was up 18.1% on a year-over-year basis. As a group, equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts have issued reports on MSFT shares. TD Securities increased their price target on Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Citigroup increased their target price on Microsoft from $605.00 to $613.00 and gave the stock a "buy" rating in a report on Tuesday, July 22nd. Guggenheim reiterated a "neutral" rating on shares of Microsoft in a report on Thursday, May 1st. Loop Capital increased their target price on Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a report on Thursday, July 24th. Finally, Needham & Company LLC reiterated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. Two 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.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $609.86.

Insider Activity

In other news, EVP Takeshi Numoto sold 4,850 shares of the business's stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $527.32, for a total value of $2,557,502.00. Following the completion of the transaction, the executive vice president owned 39,111 shares of the company's stock, valued at $20,624,012.52. The trade was a 11.03% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Kathleen T. Hogan sold 21,500 shares of the company's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total value of $9,756,055.00. Following the completion of the transaction, the executive vice president directly owned 134,888 shares of the company's stock, valued at $61,208,127.76. The trade was a 13.75% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 30,350 shares of company stock valued at $14,162,567. 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.

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