HWG Holdings LP Sells 3,093 Shares of Microsoft Corporation (NASDAQ:MSFT)

HWG Holdings LP decreased its stake in shares of Microsoft Corporation (NASDAQ:MSFT - Free Report) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 50,596 shares of the software giant's stock after selling 3,093 shares during the quarter. Microsoft comprises 7.0% of HWG Holdings LP's holdings, making the stock its 4th biggest position. HWG Holdings LP's holdings in Microsoft were worth $21,326,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WFA Asset Management Corp lifted its holdings in shares of Microsoft by 27.0% during the first quarter. WFA Asset Management Corp now owns 1,016 shares of the software giant's stock worth $427,000 after purchasing an additional 216 shares during the period. Ironwood Wealth Management LLC. raised its position in Microsoft by 0.3% during the 2nd quarter. Ironwood Wealth Management LLC. now owns 12,658 shares of the software giant's stock worth $5,658,000 after buying an additional 38 shares during the last quarter. Discipline Wealth Solutions LLC lifted its stake in Microsoft by 410.4% during the 3rd quarter. Discipline Wealth Solutions LLC now owns 2,659 shares of the software giant's stock valued at $1,144,000 after acquiring an additional 2,138 shares during the period. Wealth Group Ltd. boosted its holdings in shares of Microsoft by 1.2% in the 4th 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 during the last quarter. Finally, RMR Wealth Builders increased its stake in shares of Microsoft by 3.6% in the fourth quarter. RMR Wealth Builders now owns 49,658 shares of the software giant's stock worth $20,931,000 after acquiring an additional 1,739 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Price Performance

MSFT traded down $2.84 on Friday, reaching $477.40. 37,241,095 shares of the company's stock were exchanged, compared to its average volume of 21,515,262. Microsoft Corporation has a twelve month low of $344.79 and a twelve month high of $483.46. The stock has a market cap of $3.55 trillion, a PE ratio of 36.89, a P/E/G ratio of 2.43 and a beta of 1.03. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.37 and a quick ratio of 1.36. The stock's fifty day moving average price is $437.84 and its 200-day moving average price is $420.40.

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

Microsoft Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, September 11th. Stockholders of record on Thursday, August 21st will be issued a dividend of $0.83 per share. The ex-dividend date of this dividend is Thursday, August 21st. This represents a $3.32 annualized dividend and a dividend yield of 0.70%. Microsoft's dividend payout ratio is presently 25.66%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the stock. UBS Group decreased their target price 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. Wall Street Zen cut Microsoft from a "buy" rating to a "hold" rating in a report on Saturday, June 14th. Stifel Nicolaus raised their target price on Microsoft from $475.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 1st. Jefferies Financial Group lifted their price target on Microsoft from $475.00 to $550.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Finally, Raymond James Financial upped their price objective on Microsoft from $480.00 to $490.00 and gave the stock an "outperform" rating in a research report on Thursday, May 1st. Five equities research analysts have rated the stock with a hold rating and twenty-nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $515.68.

Insider Activity

In other news, EVP Takeshi Numoto sold 1,000 shares of the firm's stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $460.01, for a total transaction of $460,010.00. Following the completion of the sale, the executive vice president now owns 47,058 shares in the company, valued at $21,647,150.58. This trade represents a 2.08% decrease in their position. The sale 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 company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $436.05, for a total value of $32,703,750.00. Following the completion of the transaction, the insider now owns 476,999 shares in the company, valued at $207,995,413.95. This represents a 13.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 135,743 shares of company stock valued at $60,224,683. 0.03% of the stock is currently owned by insiders.

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.