Microsoft Corporation (NASDAQ:MSFT) Shares Sold by Jmac Enterprises LLC

Key Points

• Jmac Enterprises LLC significantly reduced its holdings in Microsoft by 81.3%, selling 11,716 shares and now holding only 2,689 shares valued at approximately $1,010,000.
• Multiple institutional investors have recently adjusted their positions in Microsoft, with Newton One Investments LLC increasing their holdings by 66.7%, while others acquired new stakes, resulting in 71.13% of Microsoft stock owned by hedge funds and institutional investors.
• Microsoft's recent earnings report showed a beat in expectations with earnings per share of $3.65, surpassing the consensus estimate of $3.35, and reporting quarterly revenue growth of 18.1% year-over-year.

Jmac Enterprises LLC lowered its holdings in Microsoft Corporation (NASDAQ:MSFT - Free Report) by 81.3% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,689 shares of the software giant's stock after selling 11,716 shares during the quarter. Jmac Enterprises LLC's holdings in Microsoft were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Flagship Harbor Advisors LLC raised its position in Microsoft by 6.1% in the first quarter. Flagship Harbor Advisors LLC now owns 72,559 shares of the software giant's stock valued at $27,238,000 after purchasing an additional 4,175 shares during the period. Friday Financial purchased a new stake in Microsoft in the first quarter valued at $238,000. Jericho Financial LLP raised its position in Microsoft by 13.9% in the first quarter. Jericho Financial LLP now owns 16,947 shares of the software giant's stock valued at $6,362,000 after purchasing an additional 2,068 shares during the period. Ridgecrest Wealth Partners LLC raised its position in Microsoft by 3.3% in the first quarter. Ridgecrest Wealth Partners LLC now owns 17,087 shares of the software giant's stock valued at $6,414,000 after purchasing an additional 545 shares during the period. Finally, Cambridge Investment Research Advisors Inc. raised its holdings in shares of Microsoft by 0.3% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 1,190,110 shares of the software giant's stock valued at $446,756,000 after buying an additional 3,353 shares during the period. Hedge funds and other institutional investors own 71.13% of the company's stock.

Microsoft Stock Performance

Shares of NASDAQ MSFT traded down $9.39 during trading hours on Friday, reaching $524.11. The stock had a trading volume of 28,948,527 shares, compared to its average volume of 17,331,950. The firm has a market cap of $3.90 trillion, a price-to-earnings ratio of 38.42, a PEG ratio of 2.39 and a beta of 1.06. The company has a current ratio of 1.35, a quick ratio of 1.36 and a debt-to-equity ratio of 0.12. Microsoft Corporation has a fifty-two week low of $344.79 and a fifty-two week high of $555.45. The firm has a 50-day moving average of $489.94 and a 200-day moving average of $434.88.

Microsoft (NASDAQ:MSFT - Get Free Report) last announced its earnings results on Wednesday, July 30th. The software giant reported $3.65 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.35 by $0.30. The firm had revenue of $76.44 billion during the quarter, compared to analysts' expectations of $73.79 billion. Microsoft had a return on equity of 32.44% and a net margin of 36.15%. The business's revenue was up 18.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.95 EPS. Equities research analysts predict that Microsoft Corporation will post 13.08 earnings per share for the current year.

Microsoft Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 11th. Shareholders of record on Thursday, August 21st will be given a dividend of $0.83 per share. This represents a $3.32 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Thursday, August 21st. Microsoft's dividend payout ratio (DPR) is presently 24.34%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on MSFT. BMO Capital Markets boosted their price objective on Microsoft from $550.00 to $650.00 and gave the company an "outperform" rating in a report on Thursday. Wall Street Zen downgraded Microsoft from a "buy" rating to a "hold" rating in a report on Monday, June 30th. Oppenheimer boosted their price objective on Microsoft from $600.00 to $630.00 and gave the company an "outperform" rating in a report on Thursday. Sanford C. Bernstein boosted their price objective on Microsoft from $540.00 to $637.00 and gave the company an "outperform" rating in a report on Thursday. Finally, Morgan Stanley boosted their price objective on Microsoft from $530.00 to $582.00 and gave the company an "overweight" rating in a report on Thursday. Three investment analysts have rated the stock with a hold rating and thirty have given a buy rating to the company's stock. According to data from MarketBeat, Microsoft has an average rating of "Moderate Buy" and an average price target of $609.86.

Insider Activity at Microsoft

In other Microsoft news, EVP Judson Althoff sold 16,000 shares of the stock in a transaction that occurred on Monday, May 19th. The stock was sold at an average price of $458.18, for a total transaction of $7,330,880.00. Following the completion of the sale, the executive vice president directly owned 98,010 shares of the company's stock, valued at approximately $44,906,221.80. This trade represents a 14.03% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Takeshi Numoto sold 3,000 shares of the 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 directly owned 43,930 shares of the company's stock, valued at $20,339,590. The trade was a 6.39% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 60,743 shares of company stock worth $27,520,933 in the last ninety days. Company 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.