Headlands Technologies LLC Sells 8,632 Shares of Microsoft Co. (NASDAQ:MSFT)

Headlands Technologies LLC trimmed its position in shares of Microsoft Co. (NASDAQ:MSFT - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 68,820 shares of the software giant's stock after selling 8,632 shares during the quarter. Microsoft accounts for 2.9% of Headlands Technologies LLC's investment portfolio, making the stock its 3rd largest holding. Headlands Technologies LLC's holdings in Microsoft were worth $29,008,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of MSFT. Fiduciary Advisors Inc. bought a new stake in shares of Microsoft in the 4th quarter worth $38,000. IFS Advisors LLC grew its stake in shares of Microsoft by 53.8% in the 4th quarter. IFS Advisors LLC now owns 100 shares of the software giant's stock worth $42,000 after acquiring an additional 35 shares in the last quarter. Avondale Wealth Management grew its stake in shares of Microsoft by 144.4% in the 4th quarter. Avondale Wealth Management now owns 110 shares of the software giant's stock worth $46,000 after acquiring an additional 65 shares in the last quarter. Fairway Wealth LLC bought a new stake in shares of Microsoft in the 4th quarter worth $62,000. Finally, Sellwood Investment Partners LLC bought a new stake in shares of Microsoft in the 4th quarter worth $120,000. Institutional investors and hedge funds own 71.13% of the company's stock.

Microsoft Stock Up 0.6%

Shares of MSFT stock opened at $470.38 on Friday. The stock has a 50 day moving average of $417.20 and a 200 day moving average of $416.67. The company has a current ratio of 1.35, a quick ratio of 1.34 and a debt-to-equity ratio of 0.13. The stock has a market cap of $3.50 trillion, a P/E ratio of 37.87, a P/E/G ratio of 2.21 and a beta of 1.03. Microsoft Co. has a twelve month low of $344.79 and a twelve month high of $473.34.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The software giant reported $3.46 EPS for the quarter, beating analysts' consensus estimates of $3.22 by $0.24. The business had revenue of $70.07 billion during the quarter, compared to analysts' expectations of $68.54 billion. Microsoft had a return on equity of 33.36% and a net margin of 35.43%. The business's revenue was up 13.3% compared to the same quarter last year. During the same period in the previous year, the business earned $2.94 earnings per share. As a group, sell-side analysts expect that Microsoft Co. will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 12th. Stockholders of record on Thursday, May 15th will be paid a $0.83 dividend. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.71%. The ex-dividend date is Thursday, May 15th. Microsoft's dividend payout ratio is presently 25.66%.

Analyst Upgrades and Downgrades

MSFT has been the subject of several recent analyst reports. Morgan Stanley reiterated an "overweight" rating on shares of Microsoft in a research note on Wednesday. UBS Group reduced their price target on shares of Microsoft from $510.00 to $480.00 and set a "buy" rating for the company in a research report on Monday, April 14th. Tigress Financial increased their price target on shares of Microsoft from $550.00 to $595.00 and gave the company a "buy" rating in a research report on Thursday, March 20th. DA Davidson increased their price target on shares of Microsoft from $450.00 to $500.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Evercore ISI set a $515.00 price target on shares of Microsoft and gave the company an "outperform" rating in a research report on Wednesday, May 21st. Four analysts have rated the stock with a hold rating and thirty-one have issued a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $513.59.

Insider Transactions at Microsoft

In other Microsoft news, EVP Takeshi Numoto sold 1,000 shares of the business's stock in a transaction on Friday, May 30th. The stock was sold at an average price of $460.01, for a total transaction of $460,010.00. Following the transaction, the executive vice president now owns 47,058 shares of the company's stock, valued at approximately $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 SEC, which is accessible through the SEC website. Also, EVP Amy Coleman sold 13,243 shares of Microsoft stock in a transaction 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 completion of the sale, the executive vice president now owns 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 135,743 shares of company stock valued at $60,224,683 over the last ninety days. Insiders own 0.03% of the company's stock.

About Microsoft

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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