Herbst Group LLC Sells 1,447 Shares of Microsoft Corporation (NASDAQ:MSFT)

Herbst Group LLC reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 9.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,080 shares of the software giant's stock after selling 1,447 shares during the period. Microsoft comprises about 3.7% of Herbst Group LLC's holdings, making the stock its 5th largest holding. Herbst Group LLC's holdings in Microsoft were worth $5,286,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. WFA Asset Management Corp lifted its holdings in Microsoft by 27.0% during the 1st quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after buying an additional 216 shares in the last quarter. Ironwood Wealth Management LLC. grew its stake in shares of Microsoft by 0.3% in the second quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after acquiring an additional 38 shares in the last quarter. Discipline Wealth Solutions LLC increased its position in shares of Microsoft by 410.4% during the third quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock worth $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. raised its stake in shares of Microsoft by 1.2% in the fourth quarter. Wealth Group Ltd. now owns 2,374 shares of the software giant's stock valued at $1,000,000 after acquiring an additional 28 shares in the last quarter. Finally, Tallon Kerry Patrick purchased a new position in Microsoft in the fourth quarter valued at $1,375,000. 71.13% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Microsoft

In other news, insider Bradford L. Smith sold 6,000 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $433.17, for a total value of $2,599,020.00. Following the transaction, the insider owned 471,036 shares of the company's stock, valued at approximately $204,038,664.12. The trade was a 1.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Takeshi Numoto sold 3,000 shares of the company's stock in a transaction that occurred on 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 sale, the executive vice president owned 43,930 shares of the company's stock, valued at $20,339,590. This trade represents a 6.39% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,743 shares of company stock valued at $60,224,683. Corporate insiders own 0.03% of the company's stock.

Microsoft Price Performance

MSFT stock opened at $498.25 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. The company has a market capitalization of $3.70 trillion, a P/E ratio of 38.50, a PEG ratio of 2.22 and a beta of 1.04. The business has a 50 day simple moving average of $459.28 and a 200-day simple moving average of $423.37. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $500.76.

Microsoft (NASDAQ:MSFT - Get Free Report) last released its quarterly earnings results on Wednesday, April 30th. The software giant reported $3.46 EPS 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 net margin of 35.79% and a return on equity of 32.74%. Microsoft's revenue for the quarter was up 13.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $2.94 EPS. As a group, equities analysts anticipate that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Thursday, August 21st. This represents a $3.32 dividend on an annualized basis and a dividend yield of 0.67%. Microsoft's payout ratio is 25.66%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on MSFT shares. JPMorgan Chase & Co. upped their price target on Microsoft from $465.00 to $475.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Cantor Fitzgerald raised their target price on shares of Microsoft from $502.00 to $512.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. UBS Group reiterated a "positive" rating on shares of Microsoft in a research note on Monday. The Goldman Sachs Group increased their price objective on shares of Microsoft from $480.00 to $550.00 and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial lifted 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. Five investment analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the stock. According to data from MarketBeat.com, Microsoft currently has a consensus rating of "Moderate Buy" and an average price target of $524.71.

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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