Gunderson Capital Management Inc. Cuts Position in Microsoft Corporation (NASDAQ:MSFT)

Gunderson Capital Management Inc. lowered its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 97.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 621 shares of the software giant's stock after selling 21,767 shares during the quarter. Microsoft comprises approximately 0.1% of Gunderson Capital Management Inc.'s holdings, making the stock its 25th largest holding. Gunderson Capital Management Inc.'s holdings in Microsoft were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Ball & Co Wealth Management Inc. purchased a new stake in shares of Microsoft in the fourth quarter worth about $31,000. Fiduciary Advisors Inc. bought a new position in Microsoft during the 4th quarter valued at $38,000. LSV Asset Management acquired a new position in Microsoft in the fourth quarter worth about $44,000. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter valued at approximately $62,000. Finally, Sellwood Investment Partners LLC acquired a new stake in shares of Microsoft during the fourth quarter worth $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Insider Activity

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the business's stock in a transaction dated Friday, May 30th. The shares were sold at an average price of $460.01, for a total value of $460,010.00. Following the transaction, the executive vice president now directly owns 47,058 shares in the company, valued at $21,647,150.58. The trade was a 2.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Bradford L. Smith sold 75,000 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $436.05, for a total value of $32,703,750.00. Following the sale, the insider now owns 476,999 shares in the company, valued at approximately $207,995,413.95. This trade represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,743 shares of company stock worth $60,224,683. Company insiders own 0.03% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on MSFT shares. Bank of America cut their price target on Microsoft from $510.00 to $480.00 and set a "buy" rating on the stock in a report on Tuesday, April 15th. 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. Wedbush raised their price objective on shares of Microsoft from $515.00 to $600.00 and gave the company an "outperform" rating in a research report on Wednesday. Stifel Nicolaus boosted their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Finally, Citigroup upped their price target on shares of Microsoft from $540.00 to $605.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Four research analysts have rated the stock with a hold rating and thirty have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $521.14.

Microsoft Stock Performance

Shares of NASDAQ MSFT opened at $495.94 on Friday. The business's 50-day simple moving average is $449.47 and its 200-day simple moving average is $422.12. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.36 and a current ratio of 1.37. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $499.30. The firm has a market cap of $3.69 trillion, a price-to-earnings ratio of 38.33, a P/E/G ratio of 2.52 and a beta of 1.03.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share for the quarter, beating the consensus estimate of $3.22 by $0.24. The firm had revenue of $70.07 billion during the quarter, compared to the consensus estimate of $68.54 billion. Microsoft had a return on equity of 32.74% and a net margin of 35.79%. The firm's revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.94 EPS. As a group, equities research analysts expect that Microsoft Corporation will post 13.08 earnings per share for the current fiscal year.

Microsoft Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Investors of record on Thursday, August 21st will be paid a dividend of $0.83 per share. The ex-dividend date is Thursday, August 21st. This represents a $3.32 annualized dividend and a yield of 0.67%. Microsoft's dividend payout ratio is 25.66%.

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.

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