HFG Advisors Inc. Sells 1,322 Shares of Microsoft Corporation (NASDAQ:MSFT)

HFG Advisors Inc. reduced its position in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 44.1% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,673 shares of the software giant's stock after selling 1,322 shares during the quarter. HFG Advisors Inc.'s holdings in Microsoft were worth $628,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ball & Co Wealth Management Inc. bought a new position in Microsoft in the 4th quarter worth $31,000. Newton One Investments LLC raised its holdings in Microsoft by 66.7% in the 1st quarter. Newton One Investments LLC now owns 75 shares of the software giant's stock worth $28,000 after purchasing an additional 30 shares in the last quarter. LSV Asset Management bought a new position in Microsoft in the 4th quarter worth $44,000. Fairway Wealth LLC bought a new position in Microsoft in the 4th quarter worth $62,000. Finally, IFS Advisors LLC raised its holdings in Microsoft by 50.0% in the 1st quarter. IFS Advisors LLC now owns 150 shares of the software giant's stock worth $57,000 after purchasing an additional 50 shares in the last quarter. 71.13% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Microsoft

In other news, EVP Amy Coleman sold 13,243 shares of the 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 transaction, the executive vice president owned 43,100 shares in the company, valued at $19,481,631. This represents a 23.50% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Kathleen T. Hogan sold 21,500 shares of the stock in a transaction that occurred on Wednesday, May 21st. The stock was sold at an average price of $453.77, for a total transaction of $9,756,055.00. Following the completion of the transaction, the executive vice president owned 134,888 shares in the company, valued at $61,208,127.76. This trade represents a 13.75% 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 worth $60,224,683. 0.03% of the stock is owned by company insiders.

Microsoft Stock Performance

MSFT traded down $1.21 during midday trading on Monday, hitting $512.50. 14,290,681 shares of the company traded hands, compared to its average volume of 15,824,139. The company has a quick ratio of 1.36, a current ratio of 1.37 and a debt-to-equity ratio of 0.12. The firm has a market capitalization of $3.81 trillion, a PE ratio of 39.61, a price-to-earnings-growth ratio of 2.33 and a beta of 1.04. The company's 50-day moving average is $484.59 and its 200 day moving average is $432.22. Microsoft Corporation has a 52 week low of $344.79 and a 52 week high of $518.29.

Microsoft (NASDAQ:MSFT - Get Free Report) last posted its earnings results on Wednesday, April 30th. The software giant reported $3.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.22 by $0.24. The business had revenue of $70.07 billion for the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.94 EPS. On average, research analysts expect that Microsoft Corporation will post 13.08 EPS for the current year.

Microsoft Dividend Announcement

The business also recently announced 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. This represents a $3.32 annualized dividend and a yield of 0.65%. The ex-dividend date is Thursday, August 21st. Microsoft's dividend payout ratio is currently 25.66%.

Analyst Upgrades and Downgrades

Several research analysts have commented on MSFT shares. Needham & Company LLC restated a "buy" rating on shares of Microsoft in a report on Thursday, May 1st. TD Securities upped their target price on shares of Microsoft from $475.00 to $490.00 and gave the stock a "buy" rating in a research report on Thursday, May 1st. Barclays upped their target price on shares of Microsoft from $494.00 to $550.00 and gave the stock an "overweight" rating in a research report on Monday, July 21st. Evercore ISI upped their target price on shares of Microsoft from $515.00 to $545.00 and gave the stock an "outperform" rating in a research report on Friday. Finally, Benchmark reaffirmed a "buy" rating on shares of Microsoft in a research report on Thursday, May 1st. Four analysts have rated the stock with a hold rating and twenty-nine have given a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $555.86.

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.