Greenup Street Wealth Management LLC Sells 3,445 Shares of Microsoft Corporation (NASDAQ:MSFT)

Greenup Street Wealth Management LLC lowered its stake in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 22.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,172 shares of the software giant's stock after selling 3,445 shares during the quarter. Microsoft comprises approximately 0.9% of Greenup Street Wealth Management LLC's investment portfolio, making the stock its 25th biggest holding. Greenup Street Wealth Management LLC's holdings in Microsoft were worth $4,570,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Fosun International Ltd lifted its position in shares of Microsoft by 0.3% in the first quarter. Fosun International Ltd now owns 6,633 shares of the software giant's stock worth $2,490,000 after purchasing an additional 23 shares in the last quarter. Muirfield Wealth Advisors LLC lifted its position in shares of Microsoft by 0.5% in the fourth quarter. Muirfield Wealth Advisors LLC now owns 4,427 shares of the software giant's stock worth $1,866,000 after purchasing an additional 24 shares in the last quarter. Retirement Financial Solutions LLC lifted its position in shares of Microsoft by 2.3% in the fourth quarter. Retirement Financial Solutions LLC now owns 1,050 shares of the software giant's stock worth $443,000 after purchasing an additional 24 shares in the last quarter. Kuhn & Co Investment Counsel lifted its position in shares of Microsoft by 0.8% in the fourth quarter. Kuhn & Co Investment Counsel now owns 3,286 shares of the software giant's stock worth $1,385,000 after purchasing an additional 25 shares in the last quarter. Finally, Alliance Wealth Management Group lifted its position in shares of Microsoft by 0.4% in the fourth quarter. Alliance Wealth Management Group now owns 5,617 shares of the software giant's stock worth $2,368,000 after purchasing an additional 25 shares in the last quarter. Institutional investors own 71.13% of the company's stock.

Insider Activity

In other news, EVP Amy Coleman sold 13,243 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $452.01, for a total value of $5,985,968.43. Following the sale, the executive vice president directly owned 43,100 shares in the company, valued at approximately $19,481,631. This trade represents a 23.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kathleen T. Hogan sold 21,500 shares of the firm's stock in a transaction that occurred on 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 completion of the sale, the executive vice president owned 134,888 shares in the company, valued at approximately $61,208,127.76. The trade was a 13.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,743 shares of company stock valued at $60,224,683. Company insiders own 0.03% of the company's stock.

Microsoft Trading Up 0.6%

Shares of Microsoft stock opened at $513.71 on Friday. The company has a market capitalization of $3.82 trillion, a price-to-earnings ratio of 39.70, a PEG ratio of 2.32 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a 12-month low of $344.79 and a 12-month high of $518.29. The firm's 50-day moving average price is $483.52 and its two-hundred day moving average price is $431.47.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.22 by $0.24. The firm had revenue of $70.07 billion for the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a net margin of 35.79% and a return on equity of 32.74%. The business's revenue for the quarter was up 13.3% on a year-over-year basis. During the same period in the prior year, the company posted $2.94 earnings per share. On average, analysts forecast that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

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 paid a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a yield of 0.65%. Microsoft's payout ratio is 25.66%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. Raymond James Financial boosted their price objective on shares of Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Loop Capital upped their price target on shares of Microsoft from $550.00 to $600.00 and gave the stock a "buy" rating in a research report on Thursday. Piper Sandler upped their price target on shares of Microsoft from $475.00 to $600.00 and gave the stock an "overweight" rating in a research report on Thursday, July 10th. Mizuho upped their price target on shares of Microsoft from $500.00 to $540.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 16th. Finally, Evercore ISI upped their price target on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. Based on data from MarketBeat.com, Microsoft currently has an average rating of "Moderate Buy" and a consensus target price of $551.21.

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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